Variable Annuity with GMWB: surrender or not, that is the question

Mathematics

• Bang-bang Control 8%
• Charge 11%
• Computing 3%
• Control Problem 4%
• Convexity 4%
• Cubic Spline Interpolation 8%
• Date 6%
• Demonstrate 3%
• Efficient Algorithms 4%
• Entire 4%
• Financial Risk 8%
• Gauss 5%
• Hermite 5%
• Higher Order 4%
• Interest Rates 7%
• Life 4%
• Market 5%
• Maximise 5%
• Meaning 5%
• Moment 3%
• Mortality 6%
• Numerical Algorithms 11%
• Optimal Control 4%
• Optimal Stochastic Control 8%
• Optimal Stopping Problem 7%
• Optimal Strategy 31%
• Partial differential equation 4%
• Penalty 10%
• Performance 3%
• Policy 5%
• Pricing 18%
• Quadrature 5%
• Standards 3%
• Strategy 16%
• Termination 5%
• Transition Density 7%
• Volatility 12%

Business & Economics

• Annuities 3%
• Assets 1%
• Cash 2%
• Charge 5%
• Convexity 3%
• Cubic Spline 5%
• Factors 1%
• Fees 11%
• Financial Risk 3%
• Interest Rates 4%
• Interpolation 3%
• Maturity 8%
• Mortality Risk 4%
• Numerical Algorithms 9%
• Optimal Stopping Problem 4%
• Optimal Strategy 9%
• Partial Differential Equations 4%
• Penalty 5%
• Pricing 6%
• Quadrature 4%
• Stochastic Control Problem 4%
• Surrender Option 26%
• Termination 3%
• Value Added 2%
• Variable Annuities 100%

Engineering & Materials Science

• Costs 6%
• Interpolation 4%
• Partial differential equations 5%
• Splines 5%