2 papers
q-fin.PM2022
Consumption-investment decisions with endogenous reference point and drawdown constraint
Zongxia Liang, Xiaodong Luo, Fengyi Yuan
We propose a consumption-investment decision model where past consumption peak plays a crucial role. There are two important consumption levels: the lowest constrained level an…
math.OC2020
Demand Estimation from Sales Transaction Data -- Practical Extensions
Norbert Remenyi, Xiaodong Luo
In this paper we discuss practical limitations of the standard choice-based demand models used in the literature to estimate demand from sales transaction data. We present modifica…