1 Setting Expectations and Deviations.- 2 Loading and Getting to Know R.- 3 Coding the (Simple) Financial Life-cycle Model.- 4 Data in R: The Family Balance Sheet.- 5 Portfolio Longevity: Deterministic & Stochastic.- 6 Modeling the Risk of Sequence-of-Returns.- 7 Modeling Human Longevity and Life Tables.- 8 Life & Death in Continuous Time: Gompertz 101.- 9 The Lifetime Ruin Probability (LRP).- 10 Life Annuities: From Immediate to Deferred.- 11 Intelligent Drawdown Rates.- 12 Pensionization: From Benefits to Utility.- 13 Biological (and other) Ages.- 14 Exotic Annuities for Longevity Risk.- 15 Very Last Thoughts.- Glossary of User Defined R-Functions.

Author: Moshe Arye Milevsky
Binding Type: Paperback
Publisher: Springer
Published: 09/27/2020
Series: Use R!
Pages: 302
Weight: 1.03lbs
Size: 9.21h x 6.14w x 0.70d
ISBN: 9783030514334
2020 Edition

About the Author

Moshe Arye Milevsky is a tenured professor of finance at the Schulich School of Business and a member of the Graduate Faculty in Mathematics and Statistics at York University in Toronto, Canada, where he teaches courses on wealth management, insurance and retirement planning. He has written over sixty-five peer-reviewed articles, and this is his fifteenth published book. His prior work, King William's Tontine: Why the Retirement Annuity of the Future Should Resemble Its Past, was awarded the Kulp-Wright Book Award from the American Risk and Insurance Association.

Professor Milevsky is an Associate Editor of Insurance: Mathematics & Economics, as well as The Journal of Pension Economics & Finance. He is also a Fellow of the Fields Institute for Research in Mathematical Sciences, where he was previously a member of the board of directors and active in their scientific and commercial activities.

In additionto his scholarly work Professor Milevsky is a well-known industry consultant, keynote speaker and fin-tech entrepreneur, with a number of U.S. patents. He was named by Investment Advisor Magazine as one of the 35 most influential people in the U.S. financial advisory business during the last 35 years and received a lifetime achievement award from the Retirement Income Industry Association. He recently joined forces with Guardian Capital Group (Canada) to help implement many of the ideas contained in this book.