Abstract In this paper, we derive an analytical solution to the dynamic optimal portfolio choice problem in case of investor equipped with a power utility function wealth. The results are established by solving Bellman backward recursion under assumption that vector asset returns follows vector-autoregressive process predictable variables. empirical study, performance derived is compared one ob...

Voluntary motor actions aim at and are thus governed by predictable action effects. Therefore, representations of an action's effects normally must become activated prior to the action itself. In 5 psychological refractory period experiments the authors investigated whether the activation of such effect representations coincides with the response selection stage of information-processing theori...

The Psychological Refractory Period (PRP) paradigm is a dual-task procedure that can be used to examine the resource demands of specific cognitive processes. Inferences about the underlying processes are typically based on performance in the second of two speeded tasks. If the effect of a factor manipulated in Task 2 decreases as the stimulus onset asynchrony (SOA) between tasks decreases (unde...

In this paper, we review two types of doubling algorithm and some techniques for analyzing them. We then use the techniques to study the doubling algorithm for three different nonlinear matrix equations in the critical case. We show that the convergence of the doubling algorithm is at least linear with rate 1/2. As compared to earlier work on this topic, the results we present here are more gen...

We consider perturbations of Dirac type operators on complete, connected metric spaces equipped with a doubling measure. Under a suitable set of assumptions, we prove quadratic estimates for such operators and hence deduce that these operators have a bounded functional calculus. In particular, we deduce a Kato square root type estimate.

A large literature on multitasking bottlenecks suggests that people cannot generally make decisions or select responses in two different tasks at the same time. However, these tasks have all involved retrieving preinstructed responses, rather than spontaneously choosing actions based on anticipated hedonic consequences. To assess whether the same bottlenecks encompasses voluntary choices, a gam...