Fall 2019 - ACMA 490 D100
Selected Topics in Actuarial Science (3)
Class Number: 4384
Delivery Method: In Person
Course Times + Location:
Mo 10:30 AM – 12:20 PM
WMC 3250, Burnaby
We 10:30 AM – 11:20 AM
WMC 2503, Burnaby
Exam Times + Location:
Dec 10, 2019
8:30 AM – 11:30 AM
AQ 5015, Burnaby
Prerequisites:Dependent on the topic covered.
The topics included in this course will vary from term to term depending on faculty availability and student interest.
Course Title: Stochastic Models of Retirement Income
Pre-requisties: Permission of the instructor.
This course examines models for decision-making in the presence of uncertainty, with a special interest in decisions involved in planning for income in retirement. Topics covered include:
1.General theory of economic and financial decisions under risk
- Utility, risk aversion, and decision theory
- Risk management: portfolio choice, consumption and saving, optimal insurance
- Risk sharing: centralized and decentralized models for the efficient allocation of risks
- Individual savings decisions
- Risk transfers and guarantees
- Risk sharing in collective retirement arrangements
- Assignments, presentations, project 50%
- Exam 50%
Above grading is subject to change.
Eeckhoudt, L., Gollier, C., and Schlesinger, H. (2005). Economic and Financial Decisions under Risk. Princeton University Press.
Additional weekly readings will be distributed via Canvas.
Department Undergraduate Notes:
Students with Disabilites:
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