Browsing by Author "Karlsson, Jakob"
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The optimal consumption problem. A numerical simulation of the value function with the presence of a random income flow.
Andersson, Angelica; Elias, Olof; Karlsson, Jakob; Svensson, Johanna (2012-06-26)In this thesis two methods are used to solve the optimal consumption problem. The optimal consumption problem is a well known problem in mathematical nance which in its original form was solved by Robert Merton. This ...