Optimal Portfolio Allocation: Euler Equation and Dynamic Programming

In course

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Description

This lecture covers the Euler equation, dynamic programming, envelope condition, and optimal consumption in the context of portfolio allocation. It discusses the investor's wealth dynamics, state price density, and intertemporal budget constraint.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_2xjoew6e

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Ontological neighbourhood

Economics

Microeconomics: Financial economics

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