{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2011:VHQR76JY7WYSOWGFBARCOLPV76","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"metadata":{"abstract_canon_sha256":"c526ad021a8a6eeff1b8a4ec8b5facb805a42f09c96470bc2963d0112444ac30","cross_cats_sorted":["math.PR"],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.PM","submitted_at":"2011-01-05T12:06:31Z","title_canon_sha256":"e7ef17aa562e90fa8988d3d8746539acc4bc18117fcfb09a3fe2b8a7c3f5ecee"},"schema_version":"1.0","source":{"id":"1101.0945","kind":"arxiv","version":2}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1101.0945","created_at":"2026-05-18T04:02:52Z"},{"alias_kind":"arxiv_version","alias_value":"1101.0945v2","created_at":"2026-05-18T04:02:52Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1101.0945","created_at":"2026-05-18T04:02:52Z"},{"alias_kind":"pith_short_12","alias_value":"VHQR76JY7WYS","created_at":"2026-05-18T12:26:44Z"},{"alias_kind":"pith_short_16","alias_value":"VHQR76JY7WYSOWGF","created_at":"2026-05-18T12:26:44Z"},{"alias_kind":"pith_short_8","alias_value":"VHQR76JY","created_at":"2026-05-18T12:26:44Z"}],"graph_snapshots":[{"event_id":"sha256:3e2e7bbae48510084a93b5b9be5cb3b05c19d0aed07ab4c2e9d904207727106d","target":"graph","created_at":"2026-05-18T04:02:52Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"paper":{"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","authors_text":"Constantinos Kardaras, Hao Xing, Paolo Guasoni, Scott Robertson","cross_cats":["math.PR"],"headline":"","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.PM","submitted_at":"2011-01-05T12:06:31Z","title":"Abstract, Classic, and Explicit Turnpikes"},"references":{"count":0,"internal_anchors":0,"resolved_work":0,"sample":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1101.0945","kind":"arxiv","version":2},"verdict":{"created_at":null,"id":null,"model_set":{},"one_line_summary":"","pipeline_version":null,"pith_extraction_headline":"","strongest_claim":"","weakest_assumption":""}},"verdict_id":null}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:74bd8b32540ec373f488dc4246bd3fd72180c80972dc4e1ff61160d9e1e4f15a","target":"record","created_at":"2026-05-18T04:02:52Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"metadata":{"abstract_canon_sha256":"c526ad021a8a6eeff1b8a4ec8b5facb805a42f09c96470bc2963d0112444ac30","cross_cats_sorted":["math.PR"],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.PM","submitted_at":"2011-01-05T12:06:31Z","title_canon_sha256":"e7ef17aa562e90fa8988d3d8746539acc4bc18117fcfb09a3fe2b8a7c3f5ecee"},"schema_version":"1.0","source":{"id":"1101.0945","kind":"arxiv","version":2}},"canonical_sha256":"a9e11ff938fdb12758c50822272df5ff877c4e880341c0948b1686eadf49aad8","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"a9e11ff938fdb12758c50822272df5ff877c4e880341c0948b1686eadf49aad8","first_computed_at":"2026-05-18T04:02:52.883950Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-05-18T04:02:52.883950Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"QqoKZTS9r5pI+sN54kiFgncg4us/SQplikF8NSl67TM39BUABqOmh4QtUiZGeOPu4YLAzmkfEInlU1lAcbD5Cg==","signature_status":"signed_v1","signed_at":"2026-05-18T04:02:52.884824Z","signed_message":"canonical_sha256_bytes"},"source_id":"1101.0945","source_kind":"arxiv","source_version":2}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:74bd8b32540ec373f488dc4246bd3fd72180c80972dc4e1ff61160d9e1e4f15a","sha256:3e2e7bbae48510084a93b5b9be5cb3b05c19d0aed07ab4c2e9d904207727106d"],"state_sha256":"5b62adbe5c8e6ddca49983e396ad1cbc2f531d27e8d0d48780ec22addd5b9976"}