SCOPUS
0Citation Export
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.advisor | 구형건 | - |
| dc.contributor.author | Liu, Wen Yue | - |
| dc.date.issued | 2014-02 | - |
| dc.identifier.other | 16132 | - |
| dc.identifier.uri | https://dspace.ajou.ac.kr/handle/2018.oak/18455 | - |
| dc.description | 학위논문(석사)--아주대학교 일반대학원 :금융공학과,2014. 2 | - |
| dc.description.tableofcontents | Abstract Introduction The Model and the Solution to the Problem Numerical Analysis Conclusion | - |
| dc.language.iso | eng | - |
| dc.publisher | The Graduate School, Ajou University | - |
| dc.rights | 아주대학교 논문은 저작권에 의해 보호받습니다. | - |
| dc.title | Numerical Analysis on Entrepreneurial Decisions | - |
| dc.type | Thesis | - |
| dc.contributor.affiliation | 아주대학교 일반대학원 | - |
| dc.contributor.department | 일반대학원 금융공학과 | - |
| dc.date.awarded | 2014. 2 | - |
| dc.description.degree | Master | - |
| dc.identifier.url | http://dcoll.ajou.ac.kr:9080/dcollection/jsp/common/DcLoOrgPer.jsp?sItemId=000000016132 | - |
| dc.subject.keyword | Numerical Analysis | - |
| dc.subject.keyword | Stochastic Control | - |
| dc.description.alternativeAbstract | This paper analyzes numerically the problem of an entrepreneur who would like to invest in a risky project by taking a loan from a bank. He chooses one from projects with different levels of risk and he has to put efforts to manage the project. We would like to find the optimal level of risk and effort to maximize his utility. Since there is no fully explicit solution, we need to conduct numerical analysis to see how the entrepreneurs’ decisions change according to the initial conditions. This paper explains numerically the relation between the optimal choices, the initial wealth and the time to invest when the utility functions are CRRA utility functions with different coefficients of relative risk aversion. Moreover, this paper also discusses how the parameters affect the optimal solutions and compare the results under different CRRA utility functions. | - |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.
