id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fsr-3727	Ho, Kwok; Milevsky, Moshe Arye; Robinson, Chris	Asset Allocation, Life Expectancy and Shortfall	1994	18	.pdf	application/pdf	9506	408	68	Including a high risk, high return asset like equity may yield a greater loss on some occasions, but the probability of earning more than the required minimum is still higher. An Analytic Solution The individual’s problem is to allocate Wbetween T-bills and shares so as to minimize the probability of failing to earn the minimum gross rate of return d on average over the remaining years of one’s life.	cache/fsr-3727.pdf	txt/fsr-3727.txt