This analysis reveals approaches to tackling multi-dimensional backward stochastic differential equations with unbounded terminal conditions, indicating implications for investment strategies.
This paper investigate a class of multi-dimensional backward stochastic differential equations (BSDEs) with singualr generators exhibiting diagonally quadratic growth and unbounded terminal conditions, thereby extending results in the literature. We present an example of such equations in optimal investment decision.
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Wang et al. (2025) studied this question.
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