White Papers

Decision Making Under Uncertainty: A (Second) Wakeup Call for the Financial Planning Profession

Overview During the past decade, the financial planning profession has made great progress in dealing with uncertainty by adopting stochastic methods of analysis, especially simulation techniques. It's time for a new challenge: provide better advice by using dynamic, rather than static, methods of analysis. Dynamic programming and real options analysis are powerful tools for creating more realistic models of the planning situations that people face.

Further White Paper Details
PublisherBoston University File FormatPDF
Date PublishedSeptember 2004 Downloads2
FormatWhite Papers   
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