In:
Risk and Decision Analysis, IOS Press, ( 2023-05-08), p. 1-8
Abstract:
We study paycheck optimization, which examines how to allocate income in order to achieve several competing financial goals. For paycheck optimization, a quantitative methodology is missing, due to a lack of a suitable problem formulation. To deal with this issue, we formulate the problem as a utility maximization problem. The proposed formulation is able to (i) unify different financial goals; (ii) incorporate user preferences regarding the goals; (iii) handle stochastic interest rates. The proposed formulation also facilitates an end-to-end reinforcement learning solution, which is implemented on a variety of problem settings.
Type of Medium:
Online Resource
ISSN:
1569-7371
,
1875-9173
Language:
English
Publisher:
IOS Press
Publication Date:
2023
detail.hit.zdb_id:
2466708-0
SSG:
3,2
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