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2
votes
Modern Portfolio Theory Vs Marginal Utility Theory
Welcome to EC.SE! Hopefully this will help.
I don't think this characterization is correct. These are not opposing theories. Modern portfolio theory is based on the idea that people choose portfolios …
3
votes
Accepted
Optimal consumption in Merton-like portfolio choice model with constant wage
$\newcommand{\R}{\mathbb{R}}
\newcommand{\N}{\mathbb{N}}
\newcommand{\F}{\mathbb{F}}
\newcommand{\C}{\mathbb{C}}
\newcommand{\E}{\mathbb{E}}
%short command for inseting abbreviated "such that" in a ma …