Recent developments in the analysis of optimal consumption, investment and life insurance strategies in financial markets have provided substantial insights into how individuals and households can ...

We give an algorithmic solution of the optimal consumption problem supC∫[0, τ]e-βt dCt, where Ct denotes the accumulated consumption until time t, and τ denotes the time of ruin. Moreover, the ...

In a recent study published in The Lancet, researchers performed a population-scale analysis of alcohol consumption by amount, age, gender, region, and year to estimate the theoretical minimum risk ...