3 citations · 3 across the 3 of their papers we have counts for
3 papers
math.OC2025
Optimal consumption under adjustment costs with respect to multiple reference levels
Yijie Huang, Kaixin Yan, Qinyi Zhang
This paper studies a type of consumption preference where some adjustment costs are incured whenever the past spending maximum and the past spending minimum records are updated. Th…
math.OC2022
Optimal consumption and life insurance under shortfall aversion and a drawdown constraint
Xun Li, Xiang Yu, Qinyi Zhang
This paper studies a life-cycle optimal portfolio-consumption problem when the consumption performance is measured by a shortfall aversion preference with an additional drawdown co…
math.OC2021★ 3 cited
Optimal consumption with loss aversion and reference to past spending maximum
Xun Li, Xiang Yu, Qinyi Zhang
This paper studies an optimal consumption problem for a loss-averse agent with reference to past consumption maximum. To account for loss aversion on relative consumption, an S-sha…