The book gives a comprehensive treatment of the classical and modern ruin probability theory. Some of the topics are … computational vehicle and the connection to other applied probability areas, like queueing theory. In this substantially updated and … extended second version, new topics include stochastic control, fluctuation theory for Levy processes, Gerber-Shiu functions …

This paper explores the effect of letting individuals choose their retirement age in a world of uncertainty where there … finds that it is preferable to let people make their retirement decision after rather than before the uncertainty is lifted …