{"record_type":"pith_number_record","schema_url":"https://pith.science/schemas/pith-number/v1.json","pith_number":"pith:2011:VHQR76JY7WYSOWGFBARCOLPV76","short_pith_number":"pith:VHQR76JY","schema_version":"1.0","canonical_sha256":"a9e11ff938fdb12758c50822272df5ff877c4e880341c0948b1686eadf49aad8","source":{"kind":"arxiv","id":"1101.0945","version":2},"attestation_state":"computed","paper":{"title":"Abstract, Classic, and Explicit Turnpikes","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["math.PR"],"primary_cat":"q-fin.PM","authors_text":"Constantinos Kardaras, Hao Xing, Paolo Guasoni, Scott Robertson","submitted_at":"2011-01-05T12:06:31Z","abstract_excerpt":"Portfolio turnpikes state that, as the investment horizon increases, optimal portfolios for generic utilities converge to those of isoelastic utilities. This paper proves three kinds of turnpikes. In a general semimartingale setting, the abstract turnpike states that optimal final payoffs and portfolios converge under their myopic probabilities. In diffusion models with several assets and a single state variable, the classic turnpike demonstrates that optimal portfolios converge under the physical probability; meanwhile the explicit turnpike identifies the limit of finite-horizon optimal portf"},"verification_status":{"content_addressed":true,"pith_receipt":true,"author_attested":false,"weak_author_claims":0,"strong_author_claims":0,"externally_anchored":false,"storage_verified":false,"citation_signatures":0,"replication_records":0,"graph_snapshot":true,"references_resolved":false,"formal_links_present":false},"canonical_record":{"source":{"id":"1101.0945","kind":"arxiv","version":2},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.PM","submitted_at":"2011-01-05T12:06:31Z","cross_cats_sorted":["math.PR"],"title_canon_sha256":"e7ef17aa562e90fa8988d3d8746539acc4bc18117fcfb09a3fe2b8a7c3f5ecee","abstract_canon_sha256":"c526ad021a8a6eeff1b8a4ec8b5facb805a42f09c96470bc2963d0112444ac30"},"schema_version":"1.0"},"receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-18T04:02:52.884824Z","signature_b64":"QqoKZTS9r5pI+sN54kiFgncg4us/SQplikF8NSl67TM39BUABqOmh4QtUiZGeOPu4YLAzmkfEInlU1lAcbD5Cg==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"a9e11ff938fdb12758c50822272df5ff877c4e880341c0948b1686eadf49aad8","last_reissued_at":"2026-05-18T04:02:52.883950Z","signature_status":"signed_v1","first_computed_at":"2026-05-18T04:02:52.883950Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"graph_snapshot":{"paper":{"title":"Abstract, Classic, and Explicit Turnpikes","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["math.PR"],"primary_cat":"q-fin.PM","authors_text":"Constantinos Kardaras, Hao Xing, Paolo Guasoni, Scott Robertson","submitted_at":"2011-01-05T12:06:31Z","abstract_excerpt":"Portfolio turnpikes state that, as the investment horizon increases, optimal portfolios for generic utilities converge to those of isoelastic utilities. This paper proves three kinds of turnpikes. In a general semimartingale setting, the abstract turnpike states that optimal final payoffs and portfolios converge under their myopic probabilities. In diffusion models with several assets and a single state variable, the classic turnpike demonstrates that optimal portfolios converge under the physical probability; meanwhile the explicit turnpike identifies the limit of finite-horizon optimal portf"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1101.0945","kind":"arxiv","version":2},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"aliases":[{"alias_kind":"arxiv","alias_value":"1101.0945","created_at":"2026-05-18T04:02:52.884089+00:00"},{"alias_kind":"arxiv_version","alias_value":"1101.0945v2","created_at":"2026-05-18T04:02:52.884089+00:00"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1101.0945","created_at":"2026-05-18T04:02:52.884089+00:00"},{"alias_kind":"pith_short_12","alias_value":"VHQR76JY7WYS","created_at":"2026-05-18T12:26:44.992195+00:00"},{"alias_kind":"pith_short_16","alias_value":"VHQR76JY7WYSOWGF","created_at":"2026-05-18T12:26:44.992195+00:00"},{"alias_kind":"pith_short_8","alias_value":"VHQR76JY","created_at":"2026-05-18T12:26:44.992195+00:00"}],"events":[],"event_summary":{},"paper_claims":[],"inbound_citations":{"count":0,"internal_anchor_count":0,"sample":[]},"formal_canon":{"evidence_count":0,"sample":[],"anchors":[]},"links":{"html":"https://pith.science/pith/VHQR76JY7WYSOWGFBARCOLPV76","json":"https://pith.science/pith/VHQR76JY7WYSOWGFBARCOLPV76.json","graph_json":"https://pith.science/api/pith-number/VHQR76JY7WYSOWGFBARCOLPV76/graph.json","events_json":"https://pith.science/api/pith-number/VHQR76JY7WYSOWGFBARCOLPV76/events.json","paper":"https://pith.science/paper/VHQR76JY"},"agent_actions":{"view_html":"https://pith.science/pith/VHQR76JY7WYSOWGFBARCOLPV76","download_json":"https://pith.science/pith/VHQR76JY7WYSOWGFBARCOLPV76.json","view_paper":"https://pith.science/paper/VHQR76JY","resolve_alias":"https://pith.science/api/pith-number/resolve?arxiv=1101.0945&json=true","fetch_graph":"https://pith.science/api/pith-number/VHQR76JY7WYSOWGFBARCOLPV76/graph.json","fetch_events":"https://pith.science/api/pith-number/VHQR76JY7WYSOWGFBARCOLPV76/events.json","actions":{"anchor_timestamp":"https://pith.science/pith/VHQR76JY7WYSOWGFBARCOLPV76/action/timestamp_anchor","attest_storage":"https://pith.science/pith/VHQR76JY7WYSOWGFBARCOLPV76/action/storage_attestation","attest_author":"https://pith.science/pith/VHQR76JY7WYSOWGFBARCOLPV76/action/author_attestation","sign_citation":"https://pith.science/pith/VHQR76JY7WYSOWGFBARCOLPV76/action/citation_signature","submit_replication":"https://pith.science/pith/VHQR76JY7WYSOWGFBARCOLPV76/action/replication_record"}},"created_at":"2026-05-18T04:02:52.884089+00:00","updated_at":"2026-05-18T04:02:52.884089+00:00"}