Time Consistent Strategies for Mean-Variance Asset-Liability Management Problems

Table 7

Investment strategies in a market with a riskless asset for 𝜆₀=𝜆₁=0.

𝑡	Time-consistent strategy 𝑢^∗𝑡	Myopic strategy 𝑢𝑡^𝑚𝑦
0	0.444𝑙00.150𝑙0−0.599𝑙0	0.444𝑙00.150𝑙0−0.599𝑙0
1	0.444𝑙10.150𝑙1−0.599𝑙1	0.444𝑙10.150𝑙1−0.599𝑙1