Description: This document provides answers to the exercises in the report titled Complexity Science – an introduction and invitation for actuaries:.

Description: This report presents the results of six focus groups with retirees who have at least $100,000 of investable assets and must depend on that money to maintain their lifestyles because they do not have sufficient amounts of annuitized income from Social Security and defined benefit plans to meet all of their expenses. The purpose of the focus groups was to gain an understanding of how current retirees approach key financial decisions about managing their money in retirement. The benefits of this qualitative study are multidisciplinary. It can help: 1. actuaries design better retirement financial systems, 2. the financial services industry understand areas of misperception and causes of poor management, and 3. provide policy-makers an understanding of how to drive public policy goals.

Description: Learn more about improving the modelling of individual decisions.

Description: As the retirement system has shifted to a greater focus on defined contribution plans and personal responsibility, post-reitrement risk management has grown in importance. This report covers the study of the process of retirement.

Description: This document presents the detailed results of a literature search performed during December 2009 - February 2010 to find resources for the report Complexity Science – An Introduction and Invitation for Actuaries.

Description: This white paper discusses the select research conducted by behavioral economists and other researchers on the increased individual involvement in planning for retirement within the context of a workplace retirement plan.

Description: This report explores estimation of employee stock options exercise behavior and option cost to firms.

Description: An introduction to the field of Complexity Science. The report includes an overview of the field’s key results, detailed instructions for building Complexity Science models, examples of working models, review of practical models applicable to the work of actuaries, a literature review, and a discussion on how actuaries can apply Complexity Science in their work.