What is one of Merton's research interests?
Health economics
Lifecycle investing
Urban economics
Labor economics
Answer
Lifecycle investing is one of Merton's research interests. This strategy involves adjusting investment portfolios over time to align with an individual's changing risk tolerance and financial needs as they progress through different life stages. For instance, younger investors with a higher risk tolerance may allocate more funds to growth-oriented assets, while older investors nearing retirement may shift towards more conservative investments to preserve capital.
Mastering Merton: A Deep Dive into the Legacy of Robert C. Merton
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