Ethem Çanakoglu

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We consider the optimal portfolio selection problem in a multiple period setting where the investor maximizes the expected utility of the terminal wealth in a stochastic market. The utility function has an exponential structure and the market states change according to a Markov chain. The states of the market describe the prevailing economic, financial,(More)
We consider the optimal portfolio selection problem in a multiple period setting where the investor maximizes the expected utility of the terminal wealth in a stochastic market. The utility function belongs to the HARA family and the market states change according to a Markov chain. The states of the market describe the prevailing economic, …nancial,(More)
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