Optimal decision of dynamic wealth allocation with life insurance for mitigating health risk under market incompleteness.
Chang-Chih ChenChia-Chien ChangEdward W. SunMin-Teh YuPublished in: Eur. J. Oper. Res. (2022)
Keyphrases
- risk management
- decision making
- risk evaluation
- investment strategies
- risk neutral
- risk assessment
- capacity allocation
- financial markets
- budget constraints
- optimal allocation
- conditional expectation
- risk averse
- early warning
- high risk
- resource allocation
- expected utility
- dynamic environments
- optimal solution
- dynamic programming
- decision makers
- incomplete information
- allocation policy
- risk aversion
- decision support system
- pricing strategies
- profit maximizing
- health care
- portfolio optimization
- financial data
- stock price
- pareto optimal