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Research paper | 31-October-2017

STOCHASTIC GOALS IN FINANCIAL PLANNING FOR A TWO-PERSON HOUSEHOLD

In household financial planning two types of risk are typically being taken into account. These are life-length risk and risk connected with financing. In addition, also various types of events of insurance character, like health deterioration, are sometimes taken into account. There are, however, no models addressing stochastic nature of household financial goals. The last should not be confused with modelling factors that influence performance of financing the goals, which is a popular

Radosław Pietrzyk, Paweł Rokita

Statistics in Transition New Series, Volume 16 , ISSUE 1, 111–136

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