Retirement Income Recipes in R: From Ruin Probabilities to Intelligent Drawdowns

Author:   Moshe Arye Milevsky
Publisher:   Springer Nature Switzerland AG
Edition:   1st ed. 2020
ISBN:  

9783030514334


Pages:   302
Publication Date:   27 September 2020
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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Retirement Income Recipes in R: From Ruin Probabilities to Intelligent Drawdowns


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Author:   Moshe Arye Milevsky
Publisher:   Springer Nature Switzerland AG
Imprint:   Springer Nature Switzerland AG
Edition:   1st ed. 2020
Weight:   0.510kg
ISBN:  

9783030514334


ISBN 10:   3030514331
Pages:   302
Publication Date:   27 September 2020
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1 Setting Expectations and Deviations.- 2 Loading and Getting to Know R.- 3 Coding the (Simple) Financial Life-cycle Model.- 4 Data in R: The Family Balance Sheet.- 5 Portfolio Longevity: Deterministic & Stochastic.- 6 Modeling the Risk of Sequence-of-Returns.- 7 Modeling Human Longevity and Life Tables.- 8 Life & Death in Continuous Time: Gompertz 101.- 9 The Lifetime Ruin Probability (LRP).- 10 Life Annuities: From Immediate to Deferred.- 11 Intelligent Drawdown Rates.- 12 Pensionization: From Benefits to Utility.- 13 Biological (and other) Ages.- 14 Exotic Annuities for Longevity Risk.- 15 Very Last Thoughts.- Glossary of User Defined R-Functions. 

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Author Information

Moshe Arye Milevsky is a tenured professor of finance at the Schulich School of Business and a member of the Graduate Faculty in Mathematics and Statistics at York University in Toronto, Canada, where he teaches courses on wealth management, insurance and retirement planning. He has written over sixty-five peer-reviewed articles, and this is his fifteenth published book. His prior work, King William’s Tontine: Why the Retirement Annuity of the Future Should Resemble Its Past, was awarded the Kulp-Wright Book Award from the American Risk and Insurance Association.  Professor Milevsky is an Associate Editor of Insurance: Mathematics & Economics, as well as The Journal of Pension Economics & Finance. He is also a Fellow of the Fields Institute for Research in Mathematical Sciences, where he was previously a member of the board of directors and active in their scientific and commercial activities. In additionto his scholarly work Professor Milevsky is a well-known industry consultant, keynote speaker and fin-tech entrepreneur, with a number of U.S. patents. He was named by Investment Advisor Magazine as one of the 35 most influential people in the U.S. financial advisory business during the last 35 years and received a lifetime achievement award from the Retirement Income Industry Association. He recently joined forces with Guardian Capital Group (Canada) to help implement many of the ideas contained in this book.

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