This paper considers an individual's problem and effects on savings for retirement. We show using a deterministic model, a linear utility function and assuming an individual can benefit from a tax break in savings, that under reasonable circumstances, there is only one switch from not saving to...

This paper considers a memory-based persistent counting random walk, based on a Markov memory of the last event. This persistent model is a different than the Weiss persistent random walk model however, leading thereby to different results. We point out to some preliminary result, in particular,...

This paper considers an individual's problem and effects on savings for retirement. We show using a deterministic model, a linear utility function and assuming an individual can benefit from a tax break in savings, that under reasonable circumstances, there is only one switch from not saving to...

A mutual insurance firm is a firm whose stockholders are the bearers of the insurance contracts. Insurance is then viewed as a collective (pooled) process of persons paying a fixed (or variable, contingent) amount monthly (the premium) and seeking protection against claims that may occur to any...

This paper discusses facets of the insurance-finance convergence and their competition. Differences and similarities are emphasized and examples are used to highlight their approaches to pricing. We emphasize situations that are particular to the insurance world, such as non normal risks,...