Blake, David (contributor); Cairns, Andrew (contributor); … - 2008
taking
into account the member’s risk aversion, but without taking into account
the decumulation stage and, in particular … retirement products can include flexible annuity vehicles that
take into account the member’s degree of risk aversion and the …) on the other. Peoples and Willcox (2006) illustrate this tradeoff by
considering the effect of reducing the chord (the …