{"product_id":"strategic-financial-planning-over-the-lifecycle-a-conceptual-approach-to-personal-risk-management-paperback-9780521148030","title":"Strategic Financial Planning over the Lifecycle; A Conceptual Approach to Personal Risk Management (Paperback) 9780521148030","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eStrategic Financial Planning over the Lifecycle\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eA Conceptual Approach to Personal Risk Management\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis is a final-year college level textbook on personal finance, jointly written by business school and mathematics professors.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eNarat Charupat (Author), Huaxiong Huang (Author), Moshe A. Milevsky (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521148030, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 28 May 2012\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e382 pages, 20 b\/w illus.  59 tables\u003cbr\u003e22.6 x 15.2 x 2.5 cm, 0.52 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'This book is unique in deriving the formulas for annuity pricing from basic economic theory, making it useful for finance practitioners and, importantly, intellectually satisfying.' Eytan Sheshinski, The Hebrew University, Israel\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis book on personal financial planning and wealth management employs the lifecycle model of financial economics. The central idea of 'consumption smoothing' is used to connect chapters and topics such as saving and investment, debt management, risk management and retirement planning. The first part of the book is nontechnical and aimed at a wide audience with no special technical background. The second part of the book provides a rigorous presentation of the lifecycle model from first principles using the calculus of variations. The accompanying website is found at http:\/\/www.yorku.ca\/milevsky\/?page_id=185.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Introduction and motivation\u003cbr\u003e 2. Mathematical preliminaries - working with interest rates\u003cbr\u003e 3. Personal balance sheet and human capital\u003cbr\u003e 4. Consumption smoothing and optimal savings\u003cbr\u003e 5. Debts, loans, and mortgages [Canadian content]\u003cbr\u003e 6. Personal income taxes [Canadian content]\u003cbr\u003e 7. Risk, utility, and insurance\u003cbr\u003e 8. Mortality risk and life insurance\u003cbr\u003e 9. Investment and diversification\u003cbr\u003e 10. The mathematics of portfolio diversification\u003cbr\u003e 11. Housing decisions\u003cbr\u003e 12. Pensions and retirement [Canadian content]\u003cbr\u003e 13. Advanced material*: Part I. Continuous time and the calculus of variations\u003cbr\u003e 14. Advanced material*: Part II. Stochastic optimal control and the HJB equation\u003cbr\u003e 15. Concluding thoughts and next steps.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Personal finance [\u003ca title=\"See our other books on Personal finance\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Personal%20finance%20%5BVSB%5D%22\"\u003eVSB\u003c\/a\u003e], Business strategy [\u003ca title=\"See our other books on Business strategy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Business%20strategy%20%5BKJC%5D%22\"\u003eKJC\u003c\/a\u003e], Finance [\u003ca title=\"See our other books on Finance\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20%5BKFF%5D%22\"\u003eKFF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46005559886104,"sku":"9780521148030","price":40.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521148030i_6a0d3cd0-a7b9-42a6-9179-7dac4de1a33a.jpg?v=1691372504","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/strategic-financial-planning-over-the-lifecycle-a-conceptual-approach-to-personal-risk-management-paperback-9780521148030","provider":"Freshly Printed Books","version":"1.0","type":"link"}