University of Cambridge > Talks.cam > Cambridge Finance Workshop Series > Periodic portfolio selection with quasi-hyperbolic discounting

  Browse A-Z

Log in

University Account External (via Google)

🔐 Log In

Information on

Subscribing to talksdetails Finding a talkdetails Adding a talkdetails Disseminating talksdetails Help and Documentationdetails

ℹ️ Information

Periodic portfolio selection with quasi-hyperbolic discounting

Download to your calendar using vCal

If you have a question about this talk, please contact Cerf Admin .

We introduce a continuous-time portfolio selection problem faced by an agent with S-shaped preference and present bias, whose goal is to maximise utilities derived from the portfolio’s periodic performance over an infinite horizon. The underlying quasi-hyperbolic discount function induces time-inconsistency and different notions of optimality are discussed. Interestingly, there are cases in which agent’s present bias and naivety will result in more desirable risk-taking behaviours via moderating excessive leverage and underinvestment in the extreme states of the world.

This talk is part of the Cambridge Finance Workshop Series series.

This talk is included in these lists:

Note that ex-directory lists are not shown.

Other lists

Bateman Auditorium, Gonville & Caius Seminar Room, Dept of Sociology, Free School Lane Faculty of Education, 184 Hills Road, Cambridge, CB2 8PQ IN 2S8

Other talks

Title tbc From lab to clinic: an introduction to translational research Title and abstract tba C2D3 Computational Biology Annual Symposium 2026 Talk TBC How Far Can Good Go Without God? The Limits of a Naturalistic Ethic
 

© 2006-2025 Talks.cam, University of Cambridge. Contact Us | Help and Documentation | Privacy and Publicity