Gambler’s Ruin Random Walks and Brownian Motions in Reserves Modelling: Application to Pensions Funds Sustainability

We secondhand the chance walk to model the question of reserves. The classic case of a theory of probability process is the instance of haphazard walks, that are used to study a set of developments and, specifically, as in this place item, models of reserves development. Random walks too admit the creation of important complex methods and are still secondhand as an mechanism of study, being secondhand in the sense of bestowing a hypothetical characteristic to different types of schemes. Our aim is generally to study reserves to visualize by what method to guarantee that subsidy budget are tenable. This classic approach to the study of allowance assets create attainable to draw entertaining ends about the question of reserves.

Author(s) Details:

Manuel Alberto M. Ferreira,
Department of Mathematics, ISTA—School of Technology and Architecture, Iscte – Instituto Universitário de Lisboa; Information Sciences, Technologies and Architecture Research Center (ISTAR-IUL); Business Research Unit-IUL (BRU-IUL), 1649-026 Lisbon, Portugal.

José António Filipe,
Department of Mathematics, ISTA—School of Technology and Architecture, Iscte – Instituto Universitário de Lisboa; Information Sciences, Technologies and Architecture Research Center (ISTAR-IUL); Business Research Unit-IUL (BRU-IUL), 1649-026 Lisbon, Portugal.

Please see the link here: https://stm.bookpi.org/RHMCS-V3/article/view/8880

Keywords: Gambler’s ruin, random walks, Brownian motions, reserves,  pension’s fund