Search Results for author: Hayden Lau

Found 2 papers, 1 papers with code

On the optimality of joint periodic and extraordinary dividend strategies

no code implementations1 Jun 2020 Benjamin Avanzi, Hayden Lau, Bernard Wong

We determine which strategies (either periodic, immediate, or hybrid) are optimal, that is, we show which are the strategies that maximise the expected present value of dividends paid until ruin, net of transaction costs.

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