Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10010473569
Optimal timing for annuitization is developed along three approaches. Firstly, the mutual fund in which the individual invests before annuitization is modeled by a jump diffusion process. Secondly, instead of maximizing an economic utility, the stopping time is used to maximize the market value...
Persistent link: https://www.econbiz.de/10010785274