Strategic Financial Planning over the Lifecycle: A Conceptual Approach to Personal Risk Management

ISBN: 9780521148030 出版年：2012 页码：384 Charupat Huang Milevsky Cambridge University Press

1. Introduction and motivation 2. Mathematical preliminaries - working with interest rates 3. Personal balance sheet and human capital 4. Consumption smoothing and optimal savings 5. Debts, loans, and mortgages [Canadian content] 6. Personal income taxes [Canadian content] 7. Risk, utility, and insurance 8. Mortality risk and life insurance 9. Investment and diversification 10. The mathematics of portfolio diversification 11. Housing decisions 12. Pensions and retirement [Canadian content] 13. Advanced material*: Part I. Continuous time and the calculus of variations 14. Advanced material*: Part II. Stochastic optimal control and the HJB equation 15. Concluding thoughts and next steps.