Abstract
Time-consistent equilibria are studied for intertemporal problems with general discount functions. An investment consumption model with life insurance is analyzed. Equilibrium strategies are derived for two classes of discount functions: time-distance discounting and heterogeneous discounting.
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Acknowledgements
This work has been partially supported by MEC (Spain) Grant ECO2013-48248-P.
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Marín-Solano, J. (2017). On Time-Consistent Portfolios with Time-Inconsistent Preferences. In: Díaz, J., Kirousis, L., Ortiz-Gracia, L., Serna, M. (eds) Extended Abstracts Summer 2015. Trends in Mathematics(), vol 6. Birkhäuser, Cham. https://doi.org/10.1007/978-3-319-51753-7_19
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DOI: https://doi.org/10.1007/978-3-319-51753-7_19
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