It is not necessary to invest all of the IRA into an immediate pay annuity. Merely investing half of the account can dramatically increase the probability that the retiree will not outlive his or her IRA [Walter Updegrave, “Make Your Dough Last,” 38 Money 92, 94 (Oct. 2009)]. While...
Applying a α = 0.05 significance level test when the actual type I error probability is 0.97 due to invalid probabilistic assumptions will yield untrustworthy evidence. Increasing the sample size will often worsen the untrustworthiness by increasing the discrepancy between actual and nominal error pro...
Applying a α = 0.05 significance level test when the actual type I error probability is 0.97 due to invalid probabilistic assumptions will yield untrustworthy evidence. Increasing the sample size will often worsen the untrustworthiness by increasing the discrepancy between actual and nominal error pro...