Optimal annuitization, uncertain survival probabilities, and maxmin preferences

DOI10.1016/J.ECONLET.2011.12.045zbMATH Open1242.91063OpenAlexW1601542371MaRDI QIDQ433199FDOQ433199

Authors: Hippolyte D'Albis, Emmanuel Thibault 

Publication date: 13 July 2012

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: http://publications.ut-capitole.fr/15286/1/Albis_15286.pdf

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zbMATH Keywords

maxminuncertainty aversiondemand for annuitiesuncertain survival probabilities

Mathematics Subject Classification ID

Utility theory (91B16) Welfare economics (91B15)

Cites Work

• Maxmin expected utility with non-unique prior
• Title not available (Why is that?)

Cited In (7)

• Life-cycle planning with ambiguous economics and mortality risks
• Ambiguous life expectancy and the demand for annuities
• Optimal annuity demand for general expected utility agents
• The annuity puzzle and consumption hump under ambiguous life expectancy
• Optimal retirement products under subjective mortality beliefs
• Uniqueness of equilibrium with survival probability heterogeneity and endogenous annuity price
• A new conceptual framework for the therapy by optimized multidimensional pulses of therapeutic activity. The case of multiple myeloma model

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