Making investment choices as simple as possible, but not simpler

Financial Analysts Journal

Volumn 63, Issue 3, 2007, Pages 42-47

  Bodie, Zvi ^a   Treussard, Jonathan ^b  

^a Department of Management ^*

^b BOSTON UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 34250735665     PISSN: 0015198X     EISSN: None     Source Type: Journal    
DOI: 10.2469/faj.v63.n3.4689     Document Type: Article

References (10)

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2. Bodie, Z., R.C. Merton, and W. Samuelson. 1992. "Labor Supply Flexibility and Portfolio Choice in a Life-Cycle Model." Journal of Economic Dynamics & Control, vol. 16, nos. 3-4 (July/October): 427-449.
3. Bodie, Z., J. Treussard, and P. Willen. 2006. "The Theory of Optimal Life-Cycle Saving and Investing." Presentation to The Future of Life-Cycle Saving and Investing, Boston University (26 October): http://smg.bu.edu/exec/elc/lifecycle/agenda.shtml.
4. Davis, S., and P. Willen. 2000. "Using Financial Assets to Hedge Labor Income Risk: Estimating the Benefits." Working paper (March).
5. Detemple, J., and M. Rindisbacher. 2007. "Dynamic Asset Allocation: A Portfolio Decomposition Formula and Applications." Working paper, Boston University.
6. Person, W., and G. Constantinides. 1991. "Habit Persistence and Durability in Aggregate Consumption: Empirical Tests." Journal of Financial Economics, vol. 29, no. 2 (October):199-240.
7. Kocherlakota, N., and L. Pistaferri. 2006. "Household Heterogeneity and Real Exchange Rates." Working paper.
8. Merton, R. 1969. "Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case." Review of Economics and Statistics, vol. 51, no. 3 (August):247-257.
9. _. 1971. "Optimum Consumption and Portfolio Rules in a Continuous-Time Model." Journal of Economic Theory, vol. 3, no. 4 (August):373-413.
10. Merton, R., and P. Samuelson. 1974. "Fallacy of the Lognormal Approximation to Optimal Portfolio Decision-Making over Many Periods." Journal of Financial Economics, vol. 1, no. 1 (May):67-94.