Highly Influential

In this paper we examine the problem of nding the optimal solution of the stochastic dynamic growth problem with in nite time horizon for a decision maker described in the prospect theory (PT decision maker) that has asymmetric attitude with respect to a reference level of consumption. We compare the optimal solution of the PT decision maker with the… (More)

@inproceedings{Mironov2016StochasticOG,
title={Stochastic Optimal Growth Model with S-Shaped Utility Function},
author={Sergei V. Mironov and Alexey Faizliev and Sergei P. Sidorov and Alexandre Gudkov},
booktitle={DOOR},
year={2016}
}