Suchergebnisse

ABSTRACTEquity Indexed Annuities (EIAs) are controversial financial products because the payoffs to investors are based on formulas that are supposedly too complex for average investors to understand. This brief describes how Monte Carlo simulation can provide insight into the true risk and return of an EIA. This approach can be used as a project assignment or an in‐class assignment to demonstrate the ability of Monte Carlo simulation to solve problems involving uncertainty and nonlinear payoffs.

The author argues that the apparent ineffectuality of efforts to control urban sprawl is in some part a result of a failure to distinguish between growth controls, which have a well-earned reputation as a thinly veiled form of NIMBYism and regional growth management (RGM), which involves the attempt to set out rules for development that are designed to preserve the livability, viability, and attractiveness of an urban area as a whole. This study surveys emerging political forces favoring RGM and notes signs that a new constellation of forces is emerging. It assesses the significance of this shift.