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- W3125364320 abstract "Rectangularization of the survival probability seems to be an ongoing process. It results from a higher concentration of the ages at death; but it can be reversed by a continuous increase in the limit of life time. In this paper, we assume that these two factors are endogenous and we show that risk averse decision makers exhibit a bias towards rectangularization. More specifically, the importance of the bias depends upon the intensity of the fear of ruin which is another measure of the degree of absolute risk aversion." @default.
- W3125364320 created "2021-02-01" @default.
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- W3125364320 date "2007-05-01" @default.
- W3125364320 modified "2023-09-27" @default.
- W3125364320 title "Fear of ruin and longevity enhancing investment" @default.
- W3125364320 hasPublicationYear "2007" @default.
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