Results 41 to 50 of about 5,324,674 (240)
Valuation and hedging of the ruin-contingent life annuity (RCLA) [PDF]
, 2012 This paper analyzes a novel type of mortality contingent-claim called a ruin-contingent life annuity (RCLA). This product fuses together a path-dependent equity put option with a "personal longevity" call option. The annuitant's (i.e.
Huang, Huaxiong +2 more
core +1 more source
The policy adjacent: How affordable housing generates policy feedback among neighboring residents
American Journal of Political Science, EarlyView.Abstract While scholars have documented feedback effects among a policy's direct winners and losers, less is known about whether such effects can occur among the indirectly affected—“the policy adjacent.” Using 458 geocoded housing developments built between two nearly identical statewide ballot propositions funding affordable housing in California, we
Michael Hankinson +2 more
wiley +1 more source
Reference dependence and lottery participation
Economic Inquiry, EarlyView.Abstract We assume that lottery participants are poor relative to their target income. Reference dependence with loss aversion can render the marginal utility of income non‐monotonic in line with the Friedman–Savage hypothesis. As a result, lottery participation can be rationalized without invoking probability weighting.
Robertas Zubrickas
wiley +1 more source
Evaluation оf Loan – Models оf Variable Principal Repaid
Acta Economica, 2007 In this paper is presented the account of evaluation of loan for case when the loan is amortized of variable principal repaid. It is presented two cases: a) the account of evaluation of loan after the t-th payment of annuity and b) the account of ...
Миливој Крчмар, PhD
doaj
The Economic History Review, EarlyView.Abstract During the high and late Middle Ages, the European economy witnessed the emergence and substantial growth of capital markets, a phenomenon connected to urbanization and pestilence, both of which brought profound changes to the social, legal, and economic positions of women.
Anna Molnár
wiley +1 more source
Valuing T-year contingent options [PDF]
, 2011 Invited speakerWe consider the problem of valuing Guaranteed Minimum Death Benefits (GMDB) in various variable annuity and equity-indexed annuity contracts. We assume that the life contingent options will expire at a fixed time T.
Gerber, HU, Shiu, ESW, Yang, H
core
ResPoNet: A Residual Neural Network for Efficient Valuation of Large Variable Annuity Portfolios
MathematicsAccurately valuing large portfolios of Variable Annuities (VAs) poses a significant challenge due to the high computational burden of Monte Carlo simulations and the limitations of spatial interpolation methods that rely on manually defined distance ...
Heng Xiong +3 more
doaj +1 more source
The Economic History Review, EarlyView.Abstract One of the most contentious issues in the study of the Atlantic slave trade is the profitability of the trade. In this paper, we contribute by pooling all available data on transatlantic slave ship voyage accounts into a joint dataset. This dataset includes data from a period of 100 years (1730–1830) and from five nations (Denmark, France ...
Klas Rönnbäck +4 more
wiley +1 more source
Journal of International Business, Economics and EntrepreneurshipFinancial literacy is a protective tool for ensuring quality retirement life through annuity life insurance policy. The study assessed how financial literacy measures and retirement planning impact the demand for life insurance among university ...
Sunday Stephen Ajemunigbohun +1 more
doaj +3 more sources
“THE NORMAL EXCEPTION”: “MICROANALYSIS AND SOCIAL HISTORY” (1977)*
History and Theory, EarlyView.ABSTRACT “The normal exception” has long been a slogan of microhistory. This oxymoronic phrase is the iconic rendering of an incidental sentence that appeared in a 1977 article published by Edoardo Grendi in the Italian journal Quaderni storici, which functioned as the incubator of Italian microhistory.
EDOARDO GRENDI
wiley +1 more source