WILEY Economics Department of the University of Pennsylvania Institute of Social and Economic Research--Osaka University Optimal Investment and Consumption Strategies Under Risk, an Uncertain Lifetime, and Author(s): Nils H. Hakansson Source: International Economic Review, Vol 10, No. 3(Oct, 1969), pp. 443-466 Published by: Wiley for the Economics Department of the University of Pennsylvania and Institute of Social and Economic Research --Osaka University StableUrl:http://www.jstor.org/stable/2525655 Accessed:11/09/20130234 Your use of the JSTOR archive indicates your acceptance of the Terms Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp JStOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support( @jstor. org Wiley, Economics Department of the University of pennsylvania, Institute of social and Economic Research Osaka University are collaborating with JSTOR to digitize, preserve and extend access to International Economic review 的d http://www.jstororg This content downloaded from 202. 115.118.13 on Wed, I I Sep 2013 02: 34: 55 AM All use subject to STOR Terms and ConditionsEconomics Department of the University of Pennsylvania Institute of Social and Economic Research -- Osaka University Optimal Investment and Consumption Strategies Under Risk, an Uncertain Lifetime, and Insurance Author(s): Nils H. Hakansson Source: International Economic Review, Vol. 10, No. 3 (Oct., 1969), pp. 443-466 Published by: Wiley for the Economics Department of the University of Pennsylvania and Institute of Social and Economic Research -- Osaka University Stable URL: http://www.jstor.org/stable/2525655 . Accessed: 11/09/2013 02:34 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. . Wiley, Economics Department of the University of Pennsylvania, Institute of Social and Economic Research -- Osaka University are collaborating with JSTOR to digitize, preserve and extend access to International Economic Review. http://www.jstor.org This content downloaded from 202.115.118.13 on Wed, 11 Sep 2013 02:34:55 AM All use subject to JSTOR Terms and Conditions