Cover: A Multistage Stochastic Investment Process.

A Multistage Stochastic Investment Process.

by A. J. Truelove


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A mathematical treatment of a multistage investment process in which an individual can invest all or part of his resources at periodic intervals, but is also subject to periodic, fixed cost-of-living charges. His investment is doubled or lost with known probability. This study provides theoretical results that can be used to obtain computer solutions to the problem of maximizing the investor's probability of surviving for an infinite time

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