I do not think there is enough material available to calculate those. and if you read the paragraph on pg 231 at the bottom, they mention: Milevsky and Robinson.... developed a method to calculate sustainable .... Exhibit 3 represents an example of Ruin probab....
(it is a substitute of the monte carlo simulation).
takeaway - a lower ruin probability means the spending rate is sustainable....
CP
Edited 1 time(s). Last edit at Thursday, January 20, 2011 at 07:30AM by cpk123.
发表于 2011-7-13 16:12
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