Contact Symmetries of a Model in Optimal Investment Theory
Keyword(s):
It is generally known that Lie symmetries of differential equations can lead to a reduction of the governing equation(s), lead to exact solutions of these equations and, in the best case scenario, lead to a linearization of the original equation. In this paper, we consider a model from optimal investment theory where we show the governing equation possesses an extensive contact symmetry and, through this, we show it is linearizable. Several exact solutions are provided including a solution to a particular terminal value problem.
1986 ◽
Vol 39
(1)
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pp. 93-103
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2000 ◽
Vol 138
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pp. 602-603
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1996 ◽
Vol 3
(1-2)
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pp. 139-146
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