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How to Build a Modern Tontine = Algorithms, Scripts and Tips /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	How to Build a Modern Tontine/ by Moshe Arye Milevsky.
其他題名:	Algorithms, Scripts and Tips /
作者:	Milevsky, Moshe Arye.
面頁冊數:	XXI, 156 p. 35 illus., 30 illus. in color.online resource. :
Contained By:	Springer Nature eBook
標題:	Mathematics in Business, Economics and Finance. -
電子資源:	https://doi.org/10.1007/978-3-031-00928-0
ISBN:	9783031009280

How to Build a Modern Tontine = Algorithms, Scripts and Tips /
Milevsky, Moshe Arye.

How to Build a Modern TontineAlgorithms, Scripts and Tips /[electronic resource] :by Moshe Arye Milevsky. - 1st ed. 2022. - XXI, 156 p. 35 illus., 30 illus. in color.online resource. - Future of Business and Finance,2662-2475. - Future of Business and Finance,.

1. Why Tontines? Why Now? -- 2. Financial & Actuarial Background -- 3. Building a Tontine Simulation in R -- 4. Statistical Risk Management -- 5. Death Benefits, Refunds & Covenants -- 6. Goodbye LogNormal Distribution -- 7. Squeezing the Most from Mortality -- 8. Managing a Competitive Tontine Business -- 9. Solutions & Advanced Hints -- 10. Concluding Remarks: Tontine Thinking.

Open Access

This open access book introduces the modern tontine and its applications in retirement and decumulation. Personal financial management in the later stages of life presents unique challenges, and renowned retirement planning expert Dr. Milevsky proposes the modern tontine as a solution. With the goal of guiding professionals and retirees in more efficient decumulation, the book demonstrates how to build a modern tontine. It is technically oriented, employing a cookbook format, featuring R code, and examining retirement planning through a statistical lens. This how-to guide, which is a sequel to his 2020 book Retirement Income Recipes in R, will be invaluable for retirement planning professionals and advisors, as well as for PhD scholars in retirement planning, quantitative finance, and related fields. This book is open access.

ISBN: 9783031009280

Standard No.: 10.1007/978-3-031-00928-0doiSubjects--Topical Terms:

1365935
Mathematics in Business, Economics and Finance.

LC Class. No.: QA276-280

Dewey Class. No.: 300.727

How to Build a Modern Tontine = Algorithms, Scripts and Tips /
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