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The effect of objective formulation on retirement decision making

Butt, Adam; Khemka, Gaurav


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.

CollectionsANU Research Publications
Date published: 2015
Type: Journal article
Source: Insurance; Mathematics and Economics
DOI: 10.1016/j.insmatheco.2015.07.004


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