Bodie, Zvi; Ruffino, Doriana; Treussard, Jonathan - 2008 - Rev.
This paper explores the application of contingent claims analysis (CCA) to two quot;hotquot; issues in life-cycle finance: (1) investing for retirement and (2) deciding when, if ever, to switch careers. Participants in individual retirement accounts do not have the time or the knowledge to make...
