Run the retirement model from Example 12.7 with a damping factor of 1.0 (instead of 0.98), again using the same three sets of investment weights. Explain in words what it means, in terms of the...

Run the retirement model from Example 12.7 with a damping factor of 1.0 (instead of 0.98), again using the same three sets of investment weights. Explain in words what it means, in terms of the simulation, to have a damping factor of 1. Then comment on the differences, if any, between your simulation results and those in the example.

Example 12.7