TY  - BOOK
AU  - Milevsky,Moshe Arye
ED  - SpringerLink (Online service)
TI  - How to Build a Modern Tontine: Algorithms, Scripts and Tips 
T2  - Future of Business and Finance,
SN  - 9783031009280
AV  - QA276-280 
U1  - 300.727 23
PY  - 2022///
CY  - Cham
PB  - Springer International Publishing, Imprint: Springer
KW  - Statistics 
KW  - Financial risk management
KW  - Actuarial science
KW  - Social sciences
KW  - Mathematics
KW  - Statistics in Business, Management, Economics, Finance, Insurance
KW  - Risk Management
KW  - Actuarial Mathematics
KW  - Mathematics in Business, Economics and Finance
N1  - 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
N2  - 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
UR  - https://doi.org/10.1007/978-3-031-00928-0
ER  -