I advocate for the issue of a new US Treasury security to help retirees with modest savings earn a safe, steady retirement income. The proposed new security would pay out both principal and interest as an inflation-adjusted annuity over 20 or 25 years, in contrast to traditional bonds that pay...

Previous studies suggest that retirees face the risk of financial ruin even with (real) withdrawal rates as low as 4%. This paper proposes a new retirement investment strategy using Treasury Inflation Protected Securities (TIPS) and longevity insurance products that would permit annual...

The Samp;P and the Russell indexes often serve as proxies for passive portfolios in the debate over the merits of active versus passive portfolio management. However, the Samp;P indexes, are, in effect, actively constructed portfolios, since Samp;P index managers exercise discretion in selecting...

Modifying and consolidating previous research methods to generate more reliable estimates, some fairly weak evidence is found of inefficiency in the NFL betting market resulting from a bias favouring home underdog (against away favourite) teams. In contrast to previous research, no evidence is...