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Research

Otto van Hemert

Dynamic Investor Decisions

 

In this research, the consumption and asset allocation decision for an individual investor with a long-term horizon are investigated. Various types of risk, e.g. longevity risk, parameter uncertainty, labour income risk, should be taken into account. Besides the usual asset classes, like bonds and stocks, investment in life annuities, pension funds and real estate are considered.

 

Date of defense: July 4

 

Otto van Hemert

Supervisor: prof.dr. Frank de Jong

Dissertation