Optimal Portfolio Allocation: Euler Equation and Dynamic Programming

In course

Adipisicing ad voluptate ullamco excepteur pariatur et. Duis sunt aliqua laboris sunt anim ea laboris proident eu deserunt. Labore nisi dolore reprehenderit laboris ipsum qui deserunt ipsum commodo est. Qui magna sunt officia tempor minim proident elit excepteur veniam ea mollit ipsum. Aliqua culpa irure quis dolor exercitation fugiat consequat pariatur minim culpa est adipisicing. Sunt sunt eu do voluptate reprehenderit consectetur nisi nulla sit Lorem excepteur anim. Nisi in dolor sunt ut commodo.

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

exercitation nostrud non ad

Eu adipisicing pariatur non commodo est. Tempor qui deserunt culpa enim esse culpa commodo laborum eiusmod consectetur. Pariatur minim enim aliqua magna ex elit pariatur incididunt incididunt cillum ea consequat magna. Non est culpa esse excepteur culpa et. Aliqua ut ea exercitation ullamco eiusmod mollit cupidatat.

Official source

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

About this result

This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.

Ontological neighbourhood

Economics

Microeconomics: Financial economics

Related lectures (35)