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Equilibrium behavioral strategy for a DC pension plan with piecewise linear state-dependent risk tolerance

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We investigate the equilibrium behavioral strategy for a defined contribution (DC) pension plan during the accumulation phase in this paper. We adopt a state-dependent function to describe the risk... Click to show full abstract

We investigate the equilibrium behavioral strategy for a defined contribution (DC) pension plan during the accumulation phase in this paper. We adopt a state-dependent function to describe the risk...

Keywords: equilibrium behavioral; pension plan; state dependent; behavioral strategy

Journal Title: Communications in Statistics - Theory and Methods
Year Published: 2021

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