Harvard Professor Roland Fryer – The Annuity Puzzle and Why People are More Comfortable Flying if They Can See the Cockpit
The annuity puzzle refers to the fact that few people choose to annuitize even a portion of...
Glossary:
Key Phrases Autotag:
Hedge
The process of selling the upside potential of an asset in exchange for downside price protection. For example, a wheat farmer may use the futures market to hedge or protect against future adverse price movements (e.g. prices for wheat being lower in the future when it is time to harvest and sell the wheat).
