{"product_id":"retirement-income-recipes-in-r-from-ruin-probabilities-to-intelligent-drawdowns-paperback","title":"Retirement Income Recipes in R: From Ruin Probabilities to Intelligent Drawdowns - Paperback","description":"\u003cp\u003eby \u003cb\u003eMoshe Arye Milevsky\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e1 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 \u0026amp; Stochastic.- 6 Modeling the Risk of Sequence-of-Returns.- 7 Modeling Human Longevity and Life Tables.- 8 Life \u0026amp; 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.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003eThis book provides computational tools that readers can use to flourish in the retirement income industry. Each chapter describes recipe-like algorithms and explains how to implement them via simple scripts in the freely available R coding language. Students can use those skills to generate quantitative answers to the most common questions in retirement income planning, as well as to develop a deeper understanding of the finance and economics underlying the field itself. The book will be an excellent asset for experienced students who are interested in advanced wealth management, and specifically within courses that focus on holistic modeling of the retirement income process. The material will also be useful to current and future wealth management professionals within the financial services industry. Readers should have a solid understanding of financial principles, as well as a rudimentary background in economics and accounting.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eMoshe Arye Milevsky\u003c\/b\u003e 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, \u003ci\u003eKing William's Tontine: \u003c\/i\u003e\u003ci\u003e \u003c\/i\u003e\u003ci\u003eWhy the Retirement Annuity of the Future Should Resemble Its Past, \u003c\/i\u003ewas awarded the Kulp-Wright Book Award from the \u003ci\u003eAmerican Risk and Insurance Association.\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003eProfessor Milevsky is an Associate Editor of \u003ci\u003eInsurance: Mathematics \u0026amp; Economics, \u003c\/i\u003e\u003ci\u003e \u003c\/i\u003eas well as \u003ci\u003eThe Journal of Pension Economics \u0026amp; Finance. \u003c\/i\u003eHe is also a Fellow of the \u003ci\u003eFields Institute for Research in Mathematical Sciences, \u003c\/i\u003ewhere he was previously a member of the board of directors and active in their scientific and commercial activities.\u003c\/p\u003e In addition to 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 \u003ci\u003eInvestment Advisor Magazine \u003c\/i\u003eas 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 \u003ci\u003eRetirement Income Industry Association. \u003c\/i\u003eHe recently joined forces with Guardian Capital Group (Canada) to help implement many of the ideas contained in this book.\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 302\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.7 x 9.21 x 6.14 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e September 27, 2020\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51790275641632,"sku":"9783030514334","price":137.68,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/98f89b140fe016dcb8c9427a766a6df8.webp?v=1780673491","url":"https:\/\/ebocreations.com\/products\/retirement-income-recipes-in-r-from-ruin-probabilities-to-intelligent-drawdowns-paperback","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}