Valores

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.