This paper studies the optimal investment, consumption and life insurance purchase
problem for a wage earner under the condition that the return on the risky asset is …

This paper studies the optimal consumption, investment, health insurance and life insurance
strategy for a wage earner with smooth ambiguity, habit formation and biometric risks. The …

This paper is devoted to an investment–consumption and life insurance problem with habit
formation and non-exponential discounting. General utility functions are employed to …

In this paper, we investigate an investment–consumption optimization problem in continuous-
time settings, where the expected rate of return from a risky asset is predictable with an …

We formalize a consumption–investment–insurance problem with the distinction of a state-
dependent relative risk aversion. The state dependence refers to the state of the finite state …

In this paper, we investigate an optimization problem for a wage earner seeking to maximize
expected utilities until retirement by choosing optimal consumption, investment, and life …

Abstract Model uncertainty and ambiguity aversion have important consequences for
decision-making under uncertainty in diverse fields such as insurance, finance and …

This paper studies the dynamically optimal consumption, investment and life-insurance
strategies for a wage earners under inside information and inflation. Assume that the wage …

We study two continuous-time Stackelberg games between a life insurance buyer and seller
over a random time horizon. The buyer invests in a risky asset and purchases life insurance …

We study the problem faced by a wage earner with an uncertain lifetime who has access to a
Black–Scholes-type financial market consisting of one risk-free security and one risky asset …