Over the past several years, numerous companies have chosen to execute annuity buyouts
as a method of de-risking their pension plans. The prevailing wisdom is that shareholders …

This research is the result of a request from the Society of Actuaries (SOA) to create reference
material which will address and explore embedded options in defined benefit pension …

The pension annuity buyout market continues to experience very strong growth, with record
deal volumes being reported. Cantor, Hood, and Power (2017) document a large variation in …

A more complete understanding of the causes and effects of cell-cell variability in gene
expression is needed to elucidate whether the resulting phenotypes are disadvantageous or …

Background Ventricular assist devices (VADs) have been used in children on an increasing
basis in recent years. One-year survival rates are now >80% in multiple reports. In this report …

Standard methods for calculating over GF(p n ), the finite field of p n elements, require an
irreducible polynomial of degree n with coefficients in GF(p). Such a polynomial is usually …

Behavioral Finance3 proposes that psychological and social factors influence financial and
economic decisions, causing people to make decisions other than those predicted by …

Let’s take for example the suggestion that, because stocks and bonds are competing assets,
investors will compare the yield on stocks, as measured by the E/P, to the nominal yield to …

In this study, a reverse-engineering strategy was used to infer and analyze the structure and
function of an aging and glucose repressed gene regulatory network in the budding yeast …

The opinions expressed and conclusions reached by the authors are their own and do not
represent any official position or opinion of the Society of Actuaries Research Institute or the …