The effect of objective formulation on retirement decision making
For a retiree who must maintain both investment and longevity risks, we consider the impact on decision making of focusing on an objective relating to the terminal wealth at retirement, instead of a more correct objective relating to a retirement income.
|Collections||ANU Research Publications|
|Source:||Insurance; Mathematics and Economics|
|01_Butt_The_effect_of_objective_2015.pdf||190.39 kB||Adobe PDF||Request a copy|
|02_Butt_The_effect_of_objective_2015.pdf||1.1 MB||Adobe PDF||Request a copy|