书目名称 | Sustainable Asset Accumulation and Dynamic Portfolio Decisions |
编辑 | Carl Chiarella,Willi Semmler,Lebogang Mateane |
视频video | |
概述 | Shows how dynamic decision making and re-balancing of portfolios optimize asset management and sustainable wealth formation.Proposes a broader set of constraints and guidelines that can help to achiev |
丛书名称 | Dynamic Modeling and Econometrics in Economics and Finance |
图书封面 |  |
描述 | .This book examines sustainable wealth formation and dynamic decision-making. The global economy experienced a veritable meltdown of asset markets in the years 2007-9, where many funds were overexposed to risky returns and suffered considerable losses. On the other hand, the long-term upswing in the stock market since 2010 has led to asset price booms and some new, but also uneven, wealth formation. .In this book a broader set of constraints and guidelines for asset management and wealth accumulation is developed. The authors investigate how wealth formation and the proper management of financial funds can help to adequately buffer income risk and obtain sufficient risk-free income at a later stage of life, while also being socially and environmentally sustainable..The book explores behavioral and institutional rules for decision-making that reflect such constraints and guidelines, without necessarily being optimal in the narrow sense. The authors explain the need for such a dynamic decision-making and dynamic re-balancing of portfolios, by putting forward dynamic programming as an approach to dynamic decision-making that can allow sustainable wealth accumulation and dynamic asset |
出版日期 | Book 2016 |
关键词 | Asset management; Asset accumulation; Wealth accumulation; Sustainable wealth accumulation; Portfolio de |
版次 | 1 |
doi | https://doi.org/10.1007/978-3-662-49229-1 |
isbn_softcover | 978-3-662-56992-4 |
isbn_ebook | 978-3-662-49229-1Series ISSN 1566-0419 Series E-ISSN 2363-8370 |
issn_series | 1566-0419 |
copyright | Springer-Verlag Berlin Heidelberg 2016 |