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Agency, Opportunity and Risk: Commercialization and Human-nature Relationships in Laos
Agency Opportunity Risk Commercialization Human-nature Relationships in Laos
2014/2/18
Laos, previously known as an isolated and land-locked country, has undergone rapid changes bringing it into the dynamic regional economy of Southeast Asia. Located strategically at the center of the r...
Valuation of Mortality Risk via the Instantaneous Sharpe Ratio: Applications to Life Annuities
Mortality Risk Sharpe Ratio Life Annuities
2010/12/13
We develop a theory for valuing non-diversifiable mortality risk in an incomplete market. We do this by assuming that the company issuing a mortality-contingent claim requires compensation for this ri...