We consider the robust exponential utility maximization problem in discrete time: An investor maximizes the worst case expected exponential utility with respect to a family of nondominated ...

This paper considers a heterogeneous agent Lucas style exchange economy. For a class of recursive utility functions containing the standard additive expected utility functions, I demonstrate that ...

PDI is a closed-end fund investing in a diversified basket of fixed income instruments with the management having over 80 years of investment experience. The fund pays a solid 13.5% yield which ...