Approximations of a Continuous Time Filter. Application to Optimal Allocation Problems in Finance

2009 ◽  
Vol 27 (2) ◽  
pp. 270-296 ◽  
Author(s):  
Miguel Martinez ◽  
Sylvain Rubenthaler ◽  
Etienne Tanré
Keyword(s):  
Continuous Time ◽  
Optimal Allocation ◽  
Allocation Problems

scholarly journals Probabilistic solutions for a class of deterministic optimal allocation problems

2018 ◽  
Vol 336 ◽  
pp. 394-407 ◽  
Author(s):  
Ka Chun Cheung ◽  
Jan Dhaene ◽  
Yian Rong ◽  
Sheung Chi Phillip Yam
Keyword(s):  
Optimal Allocation ◽  
Allocation Problems

A Behavioral Experiment in Sales Effort Allocation

1966 ◽  
Vol 3 (3) ◽  
pp. 261-268 ◽  
Author(s):  
Paul E. Green ◽  
Michael H. Halbert ◽  
Patrick J. Robinson
Keyword(s):  
Optimal Allocation ◽  
Environmental Context ◽  
Behavioral Experiment ◽  
Allocation Rule ◽  
Learning Behavior ◽  
Effort Allocation ◽  
Allocation Problems ◽  
Student Subjects ◽  
Made In

This article is concerned with the effect of a problem's environmental context on the learning of an “optimal” allocation rule. A series of sales allocation problems were presented to groups of executive and student subjects. While the allocation principle remained invariant over conditions, the context of the problem was experimentally modified. Results of the experiments indicated that: (1) both groups of subjects performed about the same; (2) the modifications made in the “surface” complexity of the problem did not markedly affect the probability of learning the allocation principle; and (3) a constant-probability-over-trials model appeared to describe learning behavior.

scholarly journals GROWTH AND KEEPING UP WITH THE JONESES

2010 ◽  
Vol 14 (S2) ◽  
pp. 176-199 ◽  
Author(s):  
Ronald Wendner
Keyword(s):  
Continuous Time ◽  
Overlapping Generations ◽  
Optimal Allocation ◽  
Overlapping Generations Model ◽  
Tax System ◽  
Balanced Growth ◽  
Lump Sum ◽  
Optimal Tax ◽  
The Impact ◽  
Total Wealth

This paper investigates the impact of the desire to keep up with the Joneses (KUJ) on economic growth and optimal tax policy in a continuous-time, overlapping-generations model with AK technology and exogenous, gradual retirement. Due to the desire to KUJ, the propensity to consume out of total wealth rises (declines), and the balanced growth rate declines (increases), when the households' individual total (physical and human) wealth is increasing (decreasing) with age. The rate of retirement determines whether or not a household's total wealth is increasing with age. If total wealth is increasing (decreasing) with age, an optimal allocation is decentralized by an intergenerationally progressive (regressive) lump-sum tax system. The desire to KUJ strengthens the intergenerational regressivity (progressivity) of the optimal tax system. The optimal tax implications of the desire to KUJ are a key finding of this paper.

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