Figure 3. Overall Structure of the Simulation

From

Explaining Why Retirees Do Not Choose Annuities in Korea: A Probability of Consumption Shortfall Approach

Dong-Hwa Lee, Jun-Hee An, Joo-Ho Sung

Journal of Finance and Economics. 2018, 6(4), 125-133 doi:10.12691/jfe-6-4-2