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Period certain annuity |
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Period certain annuityAn annuity that provides guaranteed payments to an annuitant for a specified period of time.Period certain annuity Similar MatchesPrice uncertaintyPrice uncertaintyChance that the future price of an asset will change. Certainty Equivalent ReturnCertainty Equivalent ReturnThe certain (zero risk) return an investor would trade for a given (larger) return with an associated risk. For example, a particular investor might trade an uncertain expected 4% active return with 6% risk, for a certain active return of 1.5%. Annuity certainAnnuity certainSee 'annuity'. UncertaintyUncertaintyFailure to know anything that may be relevant for an economic decision, such as future variables, details of a technology, or sales. In models, uncertainty usually appears as a random variable and corresponding probability density function. But in practice, most international models, especially of trade, assume certainty. Endogenous uncertaintyEndogenous uncertaintyDescribes factors within the control of the firm, such as a decision to reveal information about price or input costs. Converse of exogenous. Further SuggestionsCertaintyAnnuity certain Certainty equivalent Inflation uncertainty |
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