- Article
Stochastic Game Theoretic Formulation for a Multi-Period DC Pension Plan with State-Dependent Risk Aversion
- Liyuan Wang and
- Zhiping Chen
When facing a multi-period defined contribution (DC) pension plan investment problem during the accumulation phase, the risk aversion attitude of a mean-variance investor may depend on state variables. In this paper, we propose a state-dependent risk...

