An Error Was Encountered

Error Number: 1054

Unknown column 'cache_on' in 'field list'

UPDATE `aff_pdf_cache` SET `cache` = 'a:10:{i:0;O:8:\"stdClass\":13:{s:2:\"id\";s:4:\"9006\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"shinta\";s:9:\"author_id\";s:3:\"377\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:92:\"Merging Asset Allocation and Longevity Insurance: An Optimal Perspective on Payout Annuities\";s:11:\"description\";s:1639:\"The Markowitz mean-variance model is widely accepted as the gold standard for
\nasset allocation on the way to retirement. Unfortunately, this framework only
\nconsiders the risk and return tradeoff in the financial market. It does not consider
\nthe longevity risk people face during retirement. And, while a variety of recent
\npapers in the Journal of Financial Planning have discussed the mechanics and
\nimportance of payout (also known as lifetime) annuities, the industry literature
\ncurrently lacks a coherent and formal model of how much wealth should be
\nallocated in-and-between asset classes within a payout annuity.
\nTo fill this gap, our paper revisits the importance of longevity insurance – while
\ndiscussing the problems with fixed payout annuities -- and then moves on to
\naddress the proper asset allocation between conventional financial assets and
\nvariable payout annuity products. As in the classical Markowitz framework, our
\nfocus is on maximizing a suitably defined objective function in an intuitive,
\ncomprehensible, and practical manner.
\nIn addition to the usual risk and return information from the financial markets, our
\nmodeling framework requires inputs on the relative strength of retiree’s bequest
\nmotives, subjective health status, and liquidity restrictions. To illustrate the model,
\nwe provide some specific case studies and numerical examples to show how a
\nfinancial planner can actually apply asset allocation ideas within-and-between
\npayout annuity products and conventional asset classes. \";s:5:\"thumb\";s:107:\"images/t/91/merging-asset-allocation-and-longevity-insurance-an-optimal-perspective-on-payout-annuities.jpg\";s:6:\"thumb2\";s:108:\"images/t2/91/merging-asset-allocation-and-longevity-insurance-an-optimal-perspective-on-payout-annuities.jpg\";s:9:\"permalink\";s:91:\"merging-asset-allocation-and-longevity-insurance-an-optimal-perspective-on-payout-annuities\";s:5:\"pages\";s:2:\"23\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:1;O:8:\"stdClass\":13:{s:2:\"id\";s:5:\"87660\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"terttu\";s:9:\"author_id\";s:1:\"0\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:61:\"An Evolutionary Perspective on Panic Disorder and Agoraphobia\";s:11:\"description\";s:552:\"Panic, when viewed ethologically, is not pathological in itself, it is rather an adaptation that evolved to facilitate escape in dangerous situations. Patients with panic disorder have panic with normal form, but the attacks occur in the absence of real danger. The agoraphobia syndrome can be understood as a related adaptation that is expected after repeated panic attacks. These hypotheses account for many aspects of panic and agoraphobia that are difficult for proximate theories to explain, and they suggest new research questions and strategies.\";s:5:\"thumb\";s:78:\"images/t/877/an-evolutionary-perspective-on-panic-disorder-and-agoraphobia.jpg\";s:6:\"thumb2\";s:79:\"images/t2/877/an-evolutionary-perspective-on-panic-disorder-and-agoraphobia.jpg\";s:9:\"permalink\";s:61:\"an-evolutionary-perspective-on-panic-disorder-and-agoraphobia\";s:5:\"pages\";s:2:\"11\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:2;O:8:\"stdClass\":13:{s:2:\"id\";s:5:\"81238\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:7:\"jakobus\";s:9:\"author_id\";s:1:\"0\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:59:\"The speech act of promising in an intercultural perspective\";s:11:\"description\";s:593:\"In the following paper I would like to look at the speech act of promising in an intercultural perspective. Indeed, my personal intercultural experience in West Africa has seemed to challenge the assumption that promising is universally understood as a commitment to do something. I have often been disappointed by people not keeping their promises until I realized that what I interpreted as a promise may not have been meant to be one in the first place. Then I started looking for other possible interpretations of what people were conveying when I thought they were making a promise to me.\";s:5:\"thumb\";s:76:\"images/t/813/the-speech-act-of-promising-in-an-intercultural-perspective.jpg\";s:6:\"thumb2\";s:77:\"images/t2/813/the-speech-act-of-promising-in-an-intercultural-perspective.jpg\";s:9:\"permalink\";s:59:\"the-speech-act-of-promising-in-an-intercultural-perspective\";s:5:\"pages\";s:2:\"10\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:3;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"275266\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"Carlos\";s:9:\"author_id\";s:1:\"0\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:46:\"Toward a perspective on orthodontic retention?\";s:11:\"description\";s:46:\"Toward a perspective on orthodontic retention?\";s:5:\"thumb\";s:63:\"images/t/2753/toward-a-perspective-on-orthodontic-retention.jpg\";s:6:\"thumb2\";s:64:\"images/t2/2753/toward-a-perspective-on-orthodontic-retention.jpg\";s:9:\"permalink\";s:45:\"toward-a-perspective-on-orthodontic-retention\";s:5:\"pages\";s:1:\"8\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:4;O:8:\"stdClass\":13:{s:2:\"id\";s:4:\"9876\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:4:\"omIV\";s:9:\"author_id\";s:1:\"0\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:142:\"A perspective on the historical development of counterinsurgency population management theory and the relative reliance on force and influence\";s:11:\"description\";s:206:\"A perspective on the historical development of counterinsurgency population management\ntheory and the relative reliance on force and influence\n[NAME REDACTED]\n[PROFESSOR REDACTED]\nDartmouth College\n12 March\";s:5:\"thumb\";s:116:\"images/t/99/a-perspective-on-the-historical-development-of-counterinsurgency-population-management-theory-and-th.jpg\";s:6:\"thumb2\";s:117:\"images/t2/99/a-perspective-on-the-historical-development-of-counterinsurgency-population-management-theory-and-th.jpg\";s:9:\"permalink\";s:100:\"a-perspective-on-the-historical-development-of-counterinsurgency-population-management-theory-and-th\";s:5:\"pages\";s:1:\"7\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:5;O:8:\"stdClass\":13:{s:2:\"id\";s:5:\"75689\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:9:\"jimsindia\";s:9:\"author_id\";s:5:\"10567\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:103:\"JIMS India organized an International Conference on Entrepreneurship and Innovation: The New Age Mantra\";s:11:\"description\";s:169:\"Jims India has organized an International Conference on Entrepreneurship and Innovation: The New Age Mantra on 5th February 2011 at PHD House, August Kranti Marg, Delhi.\";s:5:\"thumb\";s:117:\"images/t/757/jims-india-organized-an-international-conference-on-entrepreneurship-and-innovation-the-new-age-mant.jpg\";s:6:\"thumb2\";s:118:\"images/t2/757/jims-india-organized-an-international-conference-on-entrepreneurship-and-innovation-the-new-age-mant.jpg\";s:9:\"permalink\";s:100:\"jims-india-organized-an-international-conference-on-entrepreneurship-and-innovation-the-new-age-mant\";s:5:\"pages\";s:1:\"1\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:6;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"128592\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:10:\"aleksander\";s:9:\"author_id\";s:1:\"0\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:55:\"CIBC - Roberts - Corporate Banks Perspective On The FiT\";s:11:\"description\";s:412:\"\n

  1. A Corporate Bank’s Perspective On The Feed-in-Tariff\n Landscape For Renewable Energy\n\n\n\n\n Green Energy Act Finance Forum\n Toronto\n January 29, 2010\n\n\n\n\nDon Roberts\nManaging Director, CIBC World Markets Inc.\n CIBC World…\";s:5:\"thumb\";s:96:\"data/thumb/CIBC-Roberts-Corporate-Banks-Perspective-On-The-FiT-Presentation-Transcript-42213.jpg\";s:6:\"thumb2\";s:97:\"data/thumb2/CIBC-Roberts-Corporate-Banks-Perspective-On-The-FiT-Presentation-Transcript-42213.jpg\";s:9:\"permalink\";s:51:\"cibc-roberts-corporate-banks-perspective-on-the-fit\";s:5:\"pages\";s:2:\"17\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:7;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"132062\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:8:\"daniel17\";s:9:\"author_id\";s:5:\"25460\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:58:\"An Interim Report on the Civil Administration of Palestine\";s:11:\"description\";s:144:\"An Interim Report on the Civil Administration of Palestine, during the period 1st July, 1920 - 30th June, 1921\n\nLeague of Nations\n\n30 July 1921\";s:5:\"thumb\";s:76:\"images/t/1321/an-interim-report-on-the-civil-administration-of-palestine.jpg\";s:6:\"thumb2\";s:77:\"images/t2/1321/an-interim-report-on-the-civil-administration-of-palestine.jpg\";s:9:\"permalink\";s:58:\"an-interim-report-on-the-civil-administration-of-palestine\";s:5:\"pages\";s:2:\"13\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:8;O:8:\"stdClass\":13:{s:2:\"id\";s:4:\"6066\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:6:\"shinta\";s:9:\"author_id\";s:3:\"377\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:62:\"An Evolutionary Psychological Perspective on Cultures of Honor\";s:11:\"description\";s:1002:\"A key element of cultures of honor is that men in these cultures are prepared to protect with violence the reputation for strength and toughness. Such cultures are likely to develop where (1) a man’s resources can be thieved in full by other men and (2) the governing body is weak and thus cannot prevent or punish theft. Historically a herding culture operating outside of formal government, the southern United States has a rich culture of honor. In this article, I briefly review research conducted by Nisbett, Cohen, and colleagues on the southern culture of honor. I then present several important but unanswered questions about the development and maintenance of the southern culture of honor. I next argue that current models of the development and maintenance of cultures of honor and violence can be informed by an evolutionary psychological perspective. I conclude with a tentative evolutionary psychological analysis of the development and maintenance of the southern culture of honor.\";s:5:\"thumb\";s:78:\"images/t/61/an-evolutionary-psychological-perspective-on-cultures-of-honor.jpg\";s:6:\"thumb2\";s:79:\"images/t2/61/an-evolutionary-psychological-perspective-on-cultures-of-honor.jpg\";s:9:\"permalink\";s:62:\"an-evolutionary-psychological-perspective-on-cultures-of-honor\";s:5:\"pages\";s:2:\"11\";s:6:\"rating\";s:1:\"0\";s:5:\"voter\";s:1:\"0\";}i:9;O:8:\"stdClass\":13:{s:2:\"id\";s:6:\"499661\";s:6:\"status\";s:8:\"verified\";s:11:\"author_name\";s:7:\"aaliyah\";s:9:\"author_id\";s:6:\"608355\";s:14:\"author_website\";s:0:\"\";s:5:\"title\";s:46:\"Abaya: An Islamic Clothing with Different Look\";s:11:\"description\";s:110:\"Buy wide range of Islamic cloths for women like kaftan, Abaya, Wedding Abayas, and Stylish Kaftan at Kolkozy. \";s:5:\"thumb\";s:63:\"images/t/4997/abaya-an-islamic-clothing-with-different-look.jpg\";s:6:\"thumb2\";s:64:\"images/t2/4997/abaya-an-islamic-clothing-with-different-look.jpg\";s:9:\"permalink\";s:45:\"abaya-an-islamic-clothing-with-different-look\";s:5:\"pages\";s:1:\"3\";s:6:\"rating\";s:1:\"5\";s:5:\"voter\";s:1:\"1\";}}', `cache_on` = '2015-02-28 01:53:26' WHERE `aff_id` = '54923'