Optimal Consumption Under Loss-Averse Multiplicative Habit-Formation Preferences

Optimal Consumption Under Loss-Averse Multiplicative Habit-Formation Preferences

Explore the intricacies of optimal consumption patterns in a lecture presented at the Eastern Conference on Mathematical Finance. Delve into the complex interplay between loss-averse behavior and multiplicative habit-formation preferences, as Bahman Angoshtari from the University of Miami examines their impact on consumption decisions. Gain insights into advanced mathematical finance concepts and their practical applications in understanding consumer behavior and economic decision-making processes.