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Publication Detailed Description
Gambler’s ruin random walks and Brownian motions in reserves modelling: Application to pensions funds sustainability
Book Title
Research highlights in mathematics and computer science
Year (definitive publication)
2022
Language
English
Country
India
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Abstract
We used the random walk to model the problem of reserves. The classic case of a stochastic process is the example of random walks, which are used to study a set of phenomena and, particularly, as in this article, models of reserves evolution. Random walks also allow the construction of significant complex systems and are also used as an instrument of analysis, being used in the sense of giving a theoretical characteristic to other types of systems. Our goal is primarily to study reserves to see how to ensure that pension funds are sustainable. This classic approach to the study of pension funds makes possible to draw interesting conclusions about the problem of reserves.
Acknowledgements
This work is partially financed by national funds through FCT - Fundação para a Ciência e Tecnologia, I.P., under the project FCT UIDB/04466/2020. Furthermore, the authors thank the ISCTE-IUL and ISTAR-IUL, for their support.
Keywords
Gambler’s ruin,Random walks,Brownian motions,Reserves,Pension’s fund
Fields of Science and Technology Classification
- Mathematics - Natural Sciences
- Computer and Information Sciences - Natural Sciences
- Economics and Business - Social Sciences
Funding Records
| Funding Reference | Funding Entity |
|---|---|
| UIDB/04466/2020 | FCT - Fundação para a Ciência e Tecnologia, I.P. |
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