Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324242 
Year of Publication: 
2019
Series/Report no.: 
Center for Mathematical Economics Working Papers No. 711
Publisher: 
Bielefeld University, Center for Mathematical Economics (IMW), Bielefeld
Abstract: 
This note shows that a long term investor who faces considerable Knightian uncertainty about the future evolution of interest rates optimally puts all his wealth into risky assets.
Subjects: 
Interest Rate Ambiguity
Optimal Portfolio Choice
Knightian Uncertainty
Model Uncertainty
JEL: 
D81
G11
G12
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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