• Capital Preservation and Current Spending with Sovereign Wealth Funds and Endowment Funds: A simulation Study 

      Mork, Knut A.; Trønnes, Haakon Andreas; Bjerketvedt, Vegard Skonseng (Peer reviewed; Journal article, 2022)
      We simulate the future performance of the Norwegian Government Pension Fund Global as a leading example of sovereign wealth funds intended both to preserve wealth and provide regular budget contributions. Withdrawals are ...
    • Dynamic spending and portfolio decisions with a soft social norm 

      Mork, Knut Anton; Harang, Fabian Andsem; Trønnes, Haakon Andreas; Bjerketvedt, Vegard Skonseng (Peer reviewed; Journal article, 2023)
      We explore the implications of a preference ordering for an investor-consumer with a strong preference for keeping consumption above an exogenous social norm, but who is willing to tolerate occasional dips below it. We do ...