Elucidation of Annuitisation Anomalies via Financial Behaviour Book PDF, ePub eBook

Join our eBook service for unlimited books & audiobooks. Get a free 7 day subscription! ↓↓↓↓↓


Book Descriptions:
Essay from the year 2010 in the subject Business economics - Investment and Finance, grade: 1.0, University of the West of England, Bristol, language: English, abstract: In the near future, private retirement savings will become more important than ever, caused by the upcoming retirement of the baby boomer generation plus increasing life expectations. This raises the question of how to convert accumulated wealth into a secure retirement income. How people choose among the saving alternatives will determine who are the beneficiaries from these large cash flows (Hu and Scott, 2007). In this respect life annuities are a quite valuable option; whereby an individual pays a large lump sum in advance and receives in return a regular payment stream and eliminate the risk of longevity (for further detail see: Cannon and Tonks, 2008).
However, the annuity market faces a considerable lack of demand and many researchers attempted to solve this annuity puzzle through relaxing the assumptions. The origins; Yaari (1965) proposed the full annuitisation of the ‘homo-economicus’, the rational utility maximize, in his retirement based on the assumptions of fair actuarial pricing and no bequest motive. As the homo-economicus is expected to make adequate option evaluations and informed decisions the actual investor suffers under bounded rationality and receives not perfect outcomes (Mitchell & Utkus, 2003). Recent studies in the annuity sector moved away from how someone ‘should’ behave to how investors ‘actually’ behave based on theories from financial behaviour. This paper attempts to explain many misty puzzle parts and gives valuable insides of the low annuitisation rate. The first part is a recap of the annuity market under relaxed assumptions. The next part describes several financial behaviour anomalies and their impact on annuitisation.

Elucidation of Annuitisation Anomalies via Financial Behaviour by Karime Mimoun

From reader reviews:

Alyson Hardy:

Now a day people who Living in the era everywhere everything reachable by talk with the internet and the resources inside can be true or not need people to be aware of each facts they get. How many people to be smart in receiving any information nowadays? Of course the solution is reading a book. Studying a book can help men and women out of this uncertainty Information especially this Elucidation of Annuitisation Anomalies via Financial Behaviour book as this book offers you rich details and knowledge. Of course the details in this book hundred percent guarantees there is no doubt in it as you know.

Richard Poston:

Typically the book Elucidation of Annuitisation Anomalies via Financial Behaviour will bring one to the new experience of reading a new book. The author style to describe the idea is very unique. In the event you try to find new book you just read, this book very appropriate to you. The book Elucidation of Annuitisation Anomalies via Financial Behaviour is much recommended to you to see. You can also get the e-book from the official web site, so you can easier to read the book.

Carl Vincent:

Your reading sixth sense will not betray anyone, why because this Elucidation of Annuitisation Anomalies via Financial Behaviour publication written by well-known writer who really knows well how to make book which can be understand by anyone who have read the book. Written throughout good manner for you, leaking every ideas and composing skill only for eliminate your personal hunger then you still doubt Elucidation of Annuitisation Anomalies via Financial Behaviour as good book not simply by the cover but also from the content. This is one publication that can break don't ascertain book by its handle, so do you still needing another sixth sense to pick that!? Oh come on your reading sixth sense already alerted you so why you have to listening to one more sixth sense.

Robert Delaney:

As a college student exactly feel bored to be able to reading. If their teacher inquired them to go to the library or to make summary for some e-book, they are complained. Just minor students that has reading's heart or real their passion. They just do what the professor want, like asked to the library. They go to at this time there but nothing reading very seriously. Any students feel that examining is not important, boring and can't see colorful pics on there. Yeah, it is to get complicated. Book is very important in your case. As we know that on this period of time, many ways to get whatever you want. Likewise word says, many ways to reach Chinese's country. So , this Elucidation of Annuitisation Anomalies via Financial Behaviour can make you feel more interested to read.