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Time is Money: Life Cycle Rational Inertia and Delegation of Investment Management

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NBER2013-12-01 更新2025-01-04 收录
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This paper incorporates two empirically-grounded insights into a dynamic life cycle portfolio choice model: the fact that investors forego the opportunity to accumulate job-specific skills when they spend time managing their own money, and the observation that efficiency in financial decision making

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2013-12-01
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