Life-Dependent Products: Your Money or Your Life

Catrin Townsend ()

Chapter Chapter 6 in A Risky Business, 2022, pp 117-139 from Springer

Abstract: Abstract The previous chapter focused on the value of a series of cashflowsCashflow that are given at certain times—that is, we knew exactly when the money would be paid. It is clearly going to be more difficult to evaluate the value of a series of cashflows that are paid at an uncertain time in the future, for example those that are paid if (and only if) something happens.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-11673-5_6

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DOI: 10.1007/978-3-031-11673-5_6

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