Journal of Probability and Statistics / 2010 / Article / Fig 3

Research Article

Pricing Equity-Indexed Annuities under Stochastic Interest Rates Using Copulas

Figure 3

The probability tree of the combined insurance product (j=1,2,3) and short-term rate processes between t and t+1 given K(x)t and r(0),r(1),,r(t).
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