Question: In the context of Example 4.6, use dynamic programming to compute the optimal portfolio for the general power utility, U(x) = x / .

In the context of Example 4.6, use dynamic programming to compute the optimal portfolio for the general power utility, U(x) = x γ/γ .

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We start the backward algorithm by setting V T x x We want to find V T 1 x Introduce the notation Su... View full answer

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