In 1981, Paris and Wilkie [28] indicated it was an open question whether IΣ0 would satisfy the Second Incompleteness Theorem for Herbrand deduction. We will show that some specially formulated axiomizations for IΣ0 can evade the Herbrandized version of the Second Incompleteness Theorem.

Investment strategy is often static, punctuated by infrequent reviews. For most long-term investors, this practice results in large risks being taken that could otherwise be managed with a more dynamic investment policy. The bulk of this paper is aimed at analysing and describing two multi-period investment strategy problems – in order to derive potential dynamic strategies. Along the way, we s...

The purpose of the article is to identify ways increase investment efficiency agricultural sector, factors influencing formation potential which will outline components support models for development sector. Methodology. expediency using method principal proved, solve problem, because, unlike others, it allows combine disparate indicators, able a sufficient number characteristic in factor analy...

I study the effects of the heterogeneity of traders’ horizons in a 2-period NREE model where all traders are risk averse. Owing to risk premia, short termism generates multiple equilibria. In particular two distinct patterns arise. Along the “low trading intensity equilibrium,” short termists anticipate a thinner second period market and, owing to risk aversion, scale back their trades. This re...

We consider a financial market model driven by an Rn-valued Gaussian process with stationary increments which is different from Brownian motion. This driving noise process consists of n independent components, and each component has memory described by two parameters. For this market model, we explicitly solve optimal investment problems. These include (i) Merton’s portfolio optimization proble...

The aim of this paper is to develop an optimal long-term bond investment strategy which can be applied to real market situations. This paper employs Merton’s intertemporal framework to accommodate the features of a stochastic interest rate and the time-varying dynamics of bond returns. The long-term investors encounter a partial information problem where they can only observe the market bond pr...

Cognitive or intellectual investment theories propose that the development of intelligence is partially influenced by personality traits, in particular by so-called investment traits that determine when, where, and how people invest their time and effort in their intellect. This investment, in turn, is thought to contribute to individual differences in cognitive growth and the accumulation of k...

With the help of development banking system around world, such a term as investment was formed. Thus, current set products and services for most part does not allow satisfying existing demand customers, so institutions began to develop at faster pace. It is needs customers that stimulate only foreign, but also Russian banks expand range provided, well improve their activities (including in term...