Extras and Debts for Endowment Assurance.

Hedging Endowment Assurance Products under Interest Rate and Mortality Risk

This paper analyzes how model misspecification associated with both interest rate and mortality risk influences hedging decisions of insurance companies. For this purpose, diverse risk management strategies which are risk–minimizing when model risk is ignored come into consideration. The effectiveness of these strategies is investigated by looking at the distribution of the resulting hedging er...

Medicare bad debts are you losing money?

Providers should adopt strategies to make sure that both their claimed and not yet claimed Medicare bad debts will be reimbursed. For periods going forward, providers that are not protected by the bad debt moratorium should make sure they have a bad debt policy in place that complies with CMS's current policies.

National Endowment for the Humanities

Preschoolers and the Endowment Effect

We show that preschoolers exhibit the endowment effect as evidenced by experiments where children generally chose to keep their own toys rather than trading them for similar ones. Furthermore, we relate the emergence of this effect to children's innate psychobiological traits--emotional state, gender, handedness, and digit ratio. The trials were conducted with 141 children across 6 kindergarten...

The debts' clearing problem: a new approach

The debts’ clearing problem is about clearing all the debts in a group of n entities (e.g. persons, companies) using a minimal number of money transaction operations. In our previous works we studied the problem, gave a dynamic programming solution solving it and proved that it is NP-hard. In this paper we adapt the problem to dynamic graphs and give a data structure to solve it. Based on this ...