Mensuração do Risco de Sorteio em Títulos de Capitalização

Autor:	Sergio Luis Franklin, César Neves, Eduardo F. L. de Melo
Rok vydání:	2012
Předmět:	Actuarial science Economics General Medicine Savings account Valuation (finance)
Zdroj:	Brazilian Review of Finance. 10:197
ISSN:	1984-5146 1679-0731
DOI:	10.12660/rbfin.v10n2.2012.3656
Popis:	In this paper we present an approach for the assessment of raffle risk found in with-raffle savings account, a type of product offered by with-raffle savings societies. This risk can be defined as the possibility of losses due to the commitment to pay prizes above the expected value. It concerns the selling of the product to few investors and the uncertainty in the value paid by them, which is positively related to the prize the savings society must pay. Our results provide a simple valuation formula for practioners involved in this specific industry.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::17feab72ebb66a7f58b305fae846a2a7 https://doi.org/10.12660/rbfin.v10n2.2012.3656 Zobrazit plný text záznamu Plný text ve formátu PDF