A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2020; you can also visit the original URL.
The file type is
In this paper, we investigate the optimal investment problem in the presence of delay under partial information. We assume that the financial market consists of one risk free asset (bond) and one risky asset (stock) and only the price of the risky asset can be observed from the financial market. The objective of the investor is to maximize the expected utility of the terminal wealth and average of the path segment. By using the filtering theory, we establish the separation principle and reducedoi:10.3934/mcrf.2020001 fatcat:mvmd6ijjfzhkziyhodpltt3fpa