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Duarte et al., 2021 - Google Patents

Simple allocation rules and optimal portfolio choice over the lifecycle

Duarte et al., 2021

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Document ID
481684744983871601
Author
Duarte V
Fonseca J
Goodman A
Parker J
Publication year

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Snippet

We develop a machine-learning solution algorithm to solve for optimal portfolio choice in a lifecycle model that includes many features of reality modelled only separately in previous work. We use the quantitative model to evaluate the consumption-equivalent welfare losses …
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