Less is more: increasing retirement gains by using an upside terminal wealth constraint
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Publication:495482
DOI10.1016/J.INSMATHECO.2015.06.003zbMATH Open1348.91251OpenAlexW2291009425MaRDI QIDQ495482FDOQ495482
Jens Perch Nielsen, Catherine Donnelly, Russell Gerrard, Montserrat Guillen
Publication date: 14 September 2015
Published in: Insurance Mathematics \& Economics (Search for Journal in Brave)
Full work available at URL: http://openaccess.city.ac.uk/id/eprint/12177/1/main.pdf
portfolio optimizationstochastic controlretirement planningretirement wealth distributionsavings plan
Cites Work
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Cited In (7)
- A data-driven neural network approach to optimal asset allocation for target based defined contribution pension plans
- Portfolio optimization: not necessarily concave utility and constraints on wealth and allocation
- Multiperiod Mean Conditional Value at Risk Asset Allocation: Is It Advantageous to Be Time Consistent?
- Management of Portfolio Depletion Risk through Optimal Life Cycle Asset Allocation
- IMPLEMENTING INDIVIDUAL SAVINGS DECISIONS FOR RETIREMENT WITH BOUNDS ON WEALTH
- More for less insurance model: an alternative to (re)insurance
- Expected utility approximation and portfolio optimisation
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