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Keywords: Sophisticated and naive households
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Journal Articles
Journal:
Journal of Accounting Literature
Journal of Accounting Literature 1–17.
Published: 21 November 2025
...) for sophisticated and naive households have no closed-form solution, we use the standard grid search method to obtain the optimal consumption and portfolio share policy rules. We use the CHFS, conducted by Southwest University of Finance and Economics in 2011, 2013, 2015, 2017, 2019, to estimate...
