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001 978-3-031-00928-0
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008 220607s2022 sz | s |||| 0|eng d
020 _a9783031009280
_9978-3-031-00928-0
024 7 _a10.1007/978-3-031-00928-0
_2doi
050 4 _aQA276-280
072 7 _aPBT
_2bicssc
072 7 _aK
_2bicssc
072 7 _aBUS061000
_2bisacsh
072 7 _aPBT
_2thema
072 7 _aK
_2thema
082 0 4 _a300.727
_223
100 1 _aMilevsky, Moshe Arye.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
245 1 0 _aHow to Build a Modern Tontine
_h[electronic resource] :
_bAlgorithms, Scripts and Tips /
_cby Moshe Arye Milevsky.
250 _a1st ed. 2022.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2022.
300 _aXXI, 156 p. 35 illus., 30 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aFuture of Business and Finance,
_x2662-2475
505 0 _a1. 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.
506 0 _aOpen Access
520 _aThis 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.
650 0 _aStatisticsĀ .
650 0 _aFinancial risk management.
650 0 _aActuarial science.
650 0 _aSocial sciences
_xMathematics.
650 1 4 _aStatistics in Business, Management, Economics, Finance, Insurance.
650 2 4 _aRisk Management.
650 2 4 _aActuarial Mathematics.
650 2 4 _aMathematics in Business, Economics and Finance.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031009273
776 0 8 _iPrinted edition:
_z9783031009297
776 0 8 _iPrinted edition:
_z9783031009303
776 0 8 _iPrinted edition:
_z9783031031861
776 0 8 _iPrinted edition:
_z9783031031854
776 0 8 _iPrinted edition:
_z9783031031847
776 0 8 _iPrinted edition:
_z9783031031830
830 0 _aFuture of Business and Finance,
_x2662-2475
856 4 0 _uhttps://doi.org/10.1007/978-3-031-00928-0
912 _aZDB-2-SMA
912 _aZDB-2-SXMS
912 _aZDB-2-SOB
999 _c37756
_d37756