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Understanding the Argument for Market Valuation of Public Pension Liabilities
it, as it effectively leaves a lot of money on table. A second potential impetus behind the time diversification ... 10% = –10%. The potential outcomes are shown in Table 1. Since the expected average die roll is 3.5, ...- Authors: Kent Smetters, Andrew Biggs
- Date: Sep 2016
- Publication Name: In The Public Interest