報告题目：Optimal investment, heterogeneous consumption and the best time for retirement

報 告 人：許左權副教授（香港理工大學）

報告时间：2019年6月18日（星期二）上午10：30

報告所在：清水河校区主楼A1-513

邀 請 人：彭江豔副教授

報告摘要: 

This talk will introduce an optimal investment and consumption problem with heterogeneous consumption of basic and luxury goods, together with the choice of time for retirement. We show that one should consume only basic goods when the wealth is small, and consume basic goods and make savings when the wealth is intermediate, and to consume small portion in basic goods and large portion in luxury goods when the wealth is large. We also show that all individuals should retire at the same level of marginal utility. This talk is based on joint work with Prof. Harry Zheng from the Imperial College London.

報告人简介：

许左权，香港理工大學副教授，香港中文大学博士。恒久从事金融数学研究，主要事情发表在《Mathematical Finance》,《Annals of Applied Probability》，《Mathematics of Operations Research》等国际顶级学术期刊上。多次受邀于牛津大学、普林斯顿大学、Bachelier金融协会全球大会等做学术報告。