Tape Reading By Linda Bradford Raschke 7 pptx

... 0 .79 6868 0.811695 0. 877 234 76 0. 670 393 0 .77 1044 0 .78 573 3 0.858 575 77 0.635149 0 .74 373 5 0 .75 8039 0.838109 78 0.598456 0 .71 5046 0 .72 8 578 0.81 579 9 79 0.560408 0.6850 27 0.6 973 60 0 .79 1601 80 0.521200 ... 0.9 176 97 0.9 475 30 71 0.826 172 0.885 875 0.899490 0.936004 72 0 .79 7493 0.865541 0. 879 829 0.923386 73 0 .76 7666 0.843998 0.858 678 0.909496 74 0 .73...

Ngày tải lên: 22/06/2014, 18:20

... August 18, 20 07 Time: 11:25am chapter16.tex Financial Innovation • 139 When q 2 1 < q 1 1 , then by (16 .7) and (16.8), individuals are either lenders ( ˆ a 1 > ... the purchase by rational individuals. By deliberately delaying implementation of the purchase of annuities, this plan may accommodate hyperbolic discounters (Laibson, August 18, 20 07 Time: 11:25am ... 20 07 Time:...

Ngày tải lên: 22/06/2014, 18:20

... August 18, 20 07 Time: 10:43am chapter12.tex Annuities and Aggregate Savings • 1 07 By assumption (12.14) z µ( ˜ z,α) ∂µ(z,α) ∂z ≤ 1 implying that ϕ  ( ˜ z,α,g) ... directly by government-run social security systems and taxes/subsidies can, if so desired, be applied to the prices of annuities offered by private pension funds. These prices can be used by govern- ments ... φ  β h ...

Ngày tải lên: 22/06/2014, 18:20

... w i (z) − c i , M ≤ z ≤ T, i = 1, 2, (10 .7) and r(z) = f (z)/F (z) for all z, 0 ≤ z ≤ T. Adding (10.6) and (10 .7) , we obtain (multiplying by F (z) and integrating by parts over the relevant ranges)  M 0 F ... Single-life Pension Annuity (in $). Period=certain Age 50 Age 65 Age 70 MFMFMF 0-year 514 492 655 605 74 7 677 10-year 509 490 630 592 694 649 20-year 498 484 569 555 591 58...

Ngày tải lên: 22/06/2014, 18:20

... dz  = 0. (7. 9) The condition with respect to the optimum R is seen to be (7. 2). Denote the solutions to (7. 1), (7. 2), and (7. 9) by ˆ c, ˆα, and ˆ R., respectively. The last term in (7. 9) is negative ... condition holds: ˜ r(z) =− ∂ ln F (z,α) ∂z , 0 ≤ z ≤ T. (7. 8) Condition (7. 8) makes (7. 6) equal to the resource constraint (7. 1), and (7. 7) can now be rewritten as φ(c,α,R) =...

Ngày tải lên: 22/06/2014, 18:20

... the solution to (4.4) by R ∗ (figure 4.1). August 20, 20 07 Time: 05:46pm chapter04.tex 24 • Chapter 4 Because individuals have no bequest motive, a(T) = 0. This implies, by (4 .7) , that  T 0 exp  −  x 0 r(h) ... becomes ˙ a(z) = (ρ 0 + r)a(z) + ρb(z) + w(z) − c(z) − ˙ b(z). (5. 17) Multiplying both sides of (5. 17) by e −ρ 0 z F (z) and integrating by parts yields  T 0 e −ρ 0 z...

Ngày tải lên: 22/06/2014, 18:20

... the standard theory of optimum commodity taxa- tion (Ramsey, 19 27; Diamond and Mirrlees, 1 971 ) is a competitive August 22, 20 07 Time: 09:50am chapter01.tex 10 • Chapter 1 Today, annuities represent ... States (Diamond, 1 977 ). This presumably a reflection of shortsightedness, may be one explanation for the high poverty rates among the elderly in the United States. August 22, 20 07 Time:...

Ngày tải lên: 22/06/2014, 18:20

... expected lifetime utility, 21; expected utility of consumption, 27; first best equilibrium, 57 58, 83, 1 37 38, 213; income uncertainty, 77 79 ; individual savings, 98; life expectancy, 15; longevity changes, ... 131–34; competitive, 23–24, 51–53, 59, 61, 65, 78 79 , 135– 37; cost effects and, 119–20; efficiency of, 62–66; first best, 6, 21–23, 56–58, 64, 77 78 , 141; full annuitization and,...

Ngày tải lên: 22/06/2014, 18:20

... Surface: Face Erroneously: Incorrectly To refer to: To consult, to mention Upland: High ground READING COMPREHENSION 1. The most obvious effect of the revolutions mentioned in the passage ... empty, off- peak buses of being run inefficiently. 5. I this part of my life as my gray period. READING COMPREHENSION 1. To us the Moon's face A) never changes. B) change...

Ngày tải lên: 20/01/2014, 16:20

... setup by comparing a stock chart to the charts of setups. 2. Evaluate the risk by volume and the look of Level 2. If you see low vol- ume, a big spread, thin levels, small sizes shown by market ... are areas where stocks need to be exited with current positions held. It’s a function of our tape- reading principles. As we climbed to serve 1:1 reward/risk ratio, we then began to trail...

Ngày tải lên: 21/06/2014, 09:20