Ruin Probabilities

Ruin Probabilities
Author: Anonim
Publsiher: Unknown
Total Pages: 135
Release: 2022
ISBN 10: 9814466921
ISBN 13: 9789814466929
Language: EN, FR, DE, ES & NL

Ruin Probabilities Book Review:

Ruin Probabilities

Ruin Probabilities
Author: S?ren Asmussen,Hansj”rg Albrecher
Publsiher: World Scientific
Total Pages: 602
Release: 2010
ISBN 10: 9814282529
ISBN 13: 9789814282529
Language: EN, FR, DE, ES & NL

Ruin Probabilities Book Review:

The book gives a comprehensive treatment of the classical and modern ruin probability theory. Some of the topics are Lundberg's inequality, the Cram‚r?Lundberg approximation, exact solutions, other approximations (e.g., for heavy-tailed claim size distributions), finite horizon ruin probabilities, extensions of the classical compound Poisson model to allow for reserve-dependent premiums, Markov-modulation, periodicity, change of measure techniques, phase-type distributions as a computational vehicle and the connection to other applied probability areas, like queueing theory. In this substantially updated and extended second version, new topics include stochastic control, fluctuation theory for Levy processes, Gerber?Shiu functions and dependence.

Ruin Probabilities

Ruin Probabilities
Author: Yuliya Mishura,Olena Ragulina
Publsiher: Elsevier
Total Pages: 276
Release: 2016-11-08
ISBN 10: 0081020988
ISBN 13: 9780081020982
Language: EN, FR, DE, ES & NL

Ruin Probabilities Book Review:

Ruin Probabilities: Smoothness, Bounds, Supermartingale Approach deals with continuous-time risk models and covers several aspects of risk theory. The first of them is the smoothness of the survival probabilities. In particular, the book provides a detailed investigation of the continuity and differentiability of the infinite-horizon and finite-horizon survival probabilities for different risk models. Next, it gives some possible applications of the results concerning the smoothness of the survival probabilities. Additionally, the book introduces the supermartingale approach, which generalizes the martingale one introduced by Gerber, to get upper exponential bounds for the infinite-horizon ruin probabilities in some generalizations of the classical risk model with risky investments. Provides new original results Detailed investigation of the continuity and differentiability of the infinite-horizon and finite-horizon survival probabilities, as well as possible applications of these results An excellent supplement to current textbooks and monographs in risk theory Contains a comprehensive list of useful references

Ruin Probabilities

Ruin Probabilities
Author: Asmussen Soren
Publsiher: World Scientific
Total Pages: 400
Release: 2000-07-24
ISBN 10: 9814500321
ISBN 13: 9789814500326
Language: EN, FR, DE, ES & NL

Ruin Probabilities Book Review:

The book is a comprehensive treatment of classical and modern ruin probability theory. Some of the topics are Lundberg's inequality, the Cramér-Lundberg approximation, exact solutions, other approximations (eg. for heavy-tailed claim size distributions), finite horizon ruin probabilities, extensions of the classical compound Poisson model to allow for reserve-dependent premiums, Markov-modulation or periodicity. Special features of the book are the emphasis on change of measure techniques, phase-type distributions as a computational vehicle and the connection to other applied probability areas like queueing theory.

Insurance Risk and Ruin

Insurance Risk and Ruin
Author: David C. M. Dickson
Publsiher: Cambridge University Press
Total Pages: 300
Release: 2016-10-31
ISBN 10: 110715460X
ISBN 13: 9781107154605
Language: EN, FR, DE, ES & NL

Insurance Risk and Ruin Book Review:

Balancing rigor and intuition, the new edition of this first course in risk theory has added exercises and expands on contemporary topics.

Encyclopedia of Quantitative Risk Analysis and Assessment

Encyclopedia of Quantitative Risk Analysis and Assessment
Author: Anonim
Publsiher: John Wiley & Sons
Total Pages: 2176
Release: 2008-09-02
ISBN 10: 0470035498
ISBN 13: 9780470035498
Language: EN, FR, DE, ES & NL

Encyclopedia of Quantitative Risk Analysis and Assessment Book Review:

Leading the way in this field, the Encyclopedia of Quantitative Risk Analysis and Assessment is the first publication to offer a modern, comprehensive and in-depth resource to the huge variety of disciplines involved. A truly international work, its coverage ranges across risk issues pertinent to life scientists, engineers, policy makers, healthcare professionals, the finance industry, the military and practising statisticians. Drawing on the expertise of world-renowned authors and editors in this field this title provides up-to-date material on drug safety, investment theory, public policy applications, transportation safety, public perception of risk, epidemiological risk, national defence and security, critical infrastructure, and program management. This major publication is easily accessible for all those involved in the field of risk assessment and analysis. For ease-of-use it is available in print and online.

Retirement Income Recipes in R

Retirement Income Recipes in R
Author: Moshe Arye Milevsky
Publsiher: Springer Nature
Total Pages: 302
Release: 2020-09-26
ISBN 10: 303051434X
ISBN 13: 9783030514341
Language: EN, FR, DE, ES & NL

Retirement Income Recipes in R Book Review:

This book provides computational tools that readers can use to flourish in the retirement income industry. Each chapter describes recipe-like algorithms and explains how to implement them via simple scripts in the freely available R coding language. Students can use those skills to generate quantitative answers to the most common questions in retirement income planning, as well as to develop a deeper understanding of the finance and economics underlying the field itself. The book will be an excellent asset for experienced students who are interested in advanced wealth management, and specifically within courses that focus on holistic modeling of the retirement income process. The material will also be useful to current and future wealth management professionals within the financial services industry. Readers should have a solid understanding of financial principles, as well as a rudimentary background in economics and accounting.

Modern Actuarial Risk Theory

Modern Actuarial Risk Theory
Author: Rob Kaas,Marc Goovaerts,Jan Dhaene
Publsiher: Springer Science & Business Media
Total Pages: 400
Release: 2008-12-03
ISBN 10: 3540867368
ISBN 13: 9783540867364
Language: EN, FR, DE, ES & NL

Modern Actuarial Risk Theory Book Review:

Modern Actuarial Risk Theory contains what every actuary needs to know about non-life insurance mathematics. It starts with the standard material like utility theory, individual and collective model and basic ruin theory. Other topics are risk measures and premium principles, bonus-malus systems, ordering of risks and credibility theory. It also contains some chapters about Generalized Linear Models, applied to rating and IBNR problems. As to the level of the mathematics, the book would fit in a bachelors or masters program in quantitative economics or mathematical statistics. This second and.

Actuarial Research Clearing House

Actuarial Research Clearing House
Author: Anonim
Publsiher: Unknown
Total Pages: 135
Release: 2001
ISBN 10: 1928374650XXX
ISBN 13: UOM:39015053988294
Language: EN, FR, DE, ES & NL

Actuarial Research Clearing House Book Review:

Stochastic Processes for Insurance and Finance

Stochastic Processes for Insurance and Finance
Author: Tomasz Rolski,Hanspeter Schmidli,V. Schmidt,Jozef L. Teugels
Publsiher: John Wiley & Sons
Total Pages: 680
Release: 2009-09-25
ISBN 10: 0470317884
ISBN 13: 9780470317884
Language: EN, FR, DE, ES & NL

Stochastic Processes for Insurance and Finance Book Review:

Stochastic Processes for Insurance and Finance offers a thorough yet accessible reference for researchers and practitioners of insurance mathematics. Building on recent and rapid developments in applied probability, the authors describe in general terms models based on Markov processes, martingales and various types of point processes. Discussing frequently asked insurance questions, the authors present a coherent overview of the subject and specifically address: The principal concepts from insurance and finance Practical examples with real life data Numerical and algorithmic procedures essential for modern insurance practices Assuming competence in probability calculus, this book will provide a fairly rigorous treatment of insurance risk theory recommended for researchers and students interested in applied probability as well as practitioners of actuarial sciences. Wiley Series in Probability and Statistics

Incerto

Incerto
Author: Nassim Nicholas Taleb
Publsiher: Random House Trade
Total Pages: 1872
Release: 2021-05-04
ISBN 10: 059324365X
ISBN 13: 9780593243657
Language: EN, FR, DE, ES & NL

Incerto Book Review:

The landmark five-book series--all together in one boxed set The Incerto is an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision making when we don't understand the world, expressed in the form of a personal essay with autobiographical sections, stories, parables, and philosophical, historical, and scientific discussions, in non-overlapping volumes that can be accessed in any order. The main thread is that while there is inordinate uncertainty about what is going on, there is great certainty as to what one should do about it. This boxed set includes: FOOLED BY RANDOMNESS THE BLACK SWAN THE BED OF PROCRUSTES ANTIFRAGILE SKIN IN THE GAME

Skin in the Game

Skin in the Game
Author: Nassim Nicholas Taleb
Publsiher: Random House
Total Pages: 304
Release: 2018-02-27
ISBN 10: 0425284638
ISBN 13: 9780425284636
Language: EN, FR, DE, ES & NL

Skin in the Game Book Review:

#1 NEW YORK TIMES BESTSELLER • A bold work from the author of The Black Swan that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility In his most provocative and practical book yet, one of the foremost thinkers of our time redefines what it means to understand the world, succeed in a profession, contribute to a fair and just society, detect nonsense, and influence others. Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one’s own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life. As always both accessible and iconoclastic, Taleb challenges long-held beliefs about the values of those who spearhead military interventions, make financial investments, and propagate religious faiths. Among his insights: • For social justice, focus on symmetry and risk sharing. You cannot make profits and transfer the risks to others, as bankers and large corporations do. You cannot get rich without owning your own risk and paying for your own losses. Forcing skin in the game corrects this asymmetry better than thousands of laws and regulations. • Ethical rules aren’t universal. You’re part of a group larger than you, but it’s still smaller than humanity in general. • Minorities, not majorities, run the world. The world is not run by consensus but by stubborn minorities imposing their tastes and ethics on others. • You can be an intellectual yet still be an idiot. “Educated philistines” have been wrong on everything from Stalinism to Iraq to low-carb diets. • Beware of complicated solutions (that someone was paid to find). A simple barbell can build muscle better than expensive new machines. • True religion is commitment, not just faith. How much you believe in something is manifested only by what you’re willing to risk for it. The phrase “skin in the game” is one we have often heard but rarely stopped to truly dissect. It is the backbone of risk management, but it’s also an astonishingly rich worldview that, as Taleb shows in this book, applies to all aspects of our lives. As Taleb says, “The symmetry of skin in the game is a simple rule that’s necessary for fairness and justice, and the ultimate BS-buster,” and “Never trust anyone who doesn’t have skin in the game. Without it, fools and crooks will benefit, and their mistakes will never come back to haunt them.”

Ruin Probabilities

Ruin Probabilities
Author: S?ren Asmussen
Publsiher: World Scientific
Total Pages: 385
Release: 2000
ISBN 10: 9812779310
ISBN 13: 9789812779311
Language: EN, FR, DE, ES & NL

Ruin Probabilities Book Review:

The text is a treatment of classical and modern ruin probability theory. Some of the topics are Lundberg's inequality, the Cramer-Lundberg approximation, exact solutions, other approximations (for example, for heavy-tailed claim size distributions), finite horizon ruin probabilities, extensions of the classical compound Poisson model to allow for reserve-dependent premiums, Markov-modulation or periodicity. Special features of the book are the emphasis on change of measure techniques, phase-type distributions as computational vehicle and the connection to other applied probability areas like queueing theory.

Nonlinear Mathematics for Uncertainty and its Applications

Nonlinear Mathematics for Uncertainty and its Applications
Author: Shoumei Li,Xia Wang,Yoshiaki Okazaki,Jun Kawabe,Toshiaki Murofushi,Li Guan
Publsiher: Springer Science & Business Media
Total Pages: 709
Release: 2011-07-21
ISBN 10: 364222833X
ISBN 13: 9783642228339
Language: EN, FR, DE, ES & NL

Nonlinear Mathematics for Uncertainty and its Applications Book Review:

This volume is a collection of papers presented at the international conference on Nonlinear Mathematics for Uncertainty and Its Applications (NLMUA2011), held at Beijing University of Technology during the week of September 7--9, 2011. The conference brought together leading researchers and practitioners involved with all aspects of nonlinear mathematics for uncertainty and its applications. Over the last fifty years there have been many attempts in extending the theory of classical probability and statistical models to the generalized one which can cope with problems of inference and decision making when the model-related information is scarce, vague, ambiguous, or incomplete. Such attempts include the study of nonadditive measures and their integrals, imprecise probabilities and random sets, and their applications in information sciences, economics, finance, insurance, engineering, and social sciences. The book presents topics including nonadditive measures and nonlinear integrals, Choquet, Sugeno and other types of integrals, possibility theory, Dempster-Shafer theory, random sets, fuzzy random sets and related statistics, set-valued and fuzzy stochastic processes, imprecise probability theory and related statistical models, fuzzy mathematics, nonlinear functional analysis, information theory, mathematical finance and risk managements, decision making under various types of uncertainty, and others.

Trends in Mathematical Information and Data Sciences

Trends in Mathematical  Information and Data Sciences
Author: Narayanaswamy Balakrishnan,María Ángeles Gil,Nirian Martín,Domingo Morales,María del Carmen Pardo
Publsiher: Springer Nature
Total Pages: 456
Release: 2022-06-27
ISBN 10: 3031041372
ISBN 13: 9783031041372
Language: EN, FR, DE, ES & NL

Trends in Mathematical Information and Data Sciences Book Review:

This book involves ideas/results from the topics of mathematical, information, and data sciences, in connection with the main research interests of Professor Pardo that can be summarized as Information Theory with Applications to Statistical Inference. This book is a tribute to Professor Leandro Pardo, who has chaired the Department of Statistics and OR of the Complutense University in Madrid, and he has been also President of the Spanish Society of Statistics and Operations Research. In this way, the contributions have been structured into three parts, which often overlap to a greater or lesser extent, namely Trends in Mathematical Sciences (Part I) Trends in Information Sciences (Part II) Trends in Data Sciences (Part III) The contributions gathered in this book have offered either new developments from a theoretical and/or computational and/or applied point of view, or reviews of recent literature of outstanding developments. They have been applied through nice examples in climatology, chemistry, economics, engineering, geology, health sciences, physics, pandemics, and socioeconomic indicators. Consequently, the intended audience of this book is mainly statisticians, mathematicians, computer scientists, and so on, but users of these disciplines as well as experts in the involved applications may certainly find this book a very interesting read.

Will You Be Alive 10 Years from Now

Will You Be Alive 10 Years from Now
Author: Paul J. Nahin
Publsiher: Princeton University Press
Total Pages: 220
Release: 2014
ISBN 10: 0691156808
ISBN 13: 9780691156804
Language: EN, FR, DE, ES & NL

Will You Be Alive 10 Years from Now Book Review:

What are the chances of a game-show contestant finding a chicken in a box? Is the Hanukkah dreidel a fair game? Will you be alive ten years from now? These are just some of the one-of-a-kind probability puzzles that acclaimed popular math writer Paul Nahin offers in this lively and informative book. Nahin brings probability to life with colorful and amusing historical anecdotes as well as an electrifying approach to solving puzzles that illustrates many of the techniques that mathematicians and scientists use to grapple with probability. He looks at classic puzzles from the past--from Galileo's dice-tossing problem to a disarming dice puzzle that would have astonished even Newton--and also includes a dozen challenge problems for you to tackle yourself, with complete solutions provided in the back of the book. Nahin then presents twenty-five unusual probability puzzlers that you aren't likely to find anywhere else, and which range in difficulty from ones that are easy but clever to others that are technically intricate. Each problem is accompanied by an entertaining discussion of its background and solution, and is backed up by theory and computer simulations whenever possible in order to show how theory and computer experimentation can often work together on probability questions. All the MATLAB® Monte Carlo simulation codes needed to solve the problems computationally are included in the book.With his characteristic wit, audacity, and insight, Nahin demonstrates why seemingly simple probability problems can stump even the experts.

Actuarial Science

Actuarial Science
Author: Hanji Shang
Publsiher: World Scientific
Total Pages: 266
Release: 2006
ISBN 10: 9812774661
ISBN 13: 9789812774668
Language: EN, FR, DE, ES & NL

Actuarial Science Book Review:

This edition of the private and scientific correspondence of Sir Rudolf Peierls gives a unique insight into the life and work of one of the greatest theoretical physicists of the 20th century. Rudolf Peierls' scientific work contributed to the early developments in quantum mechanics, and he is well known and much appreciated for his contributions to various disciplines, including solid state physics, nuclear physics, and particle physics. As an enthusiastic and devoted teacher, he passed on his knowledge and understanding and inspired the work of collaborators and students alike. As an effective administrator he was responsible, almost single-handedly, for the establishment of an outstanding successful centre of theoretical physics in Birmingham, and later contributed much to theoretical physics in Oxford. A meticulous collector of correspondence, Sir Rudolf left a fascinating collection of letters, in some cases spanning more than seven decades. This collection includes correspondence with his parents, his wife, the Russian-born physicist Genia Kannegieser, life-long friends such as Hans Bethe, and many great physicists, including Wolfgang Pauli, Niels Bohr, Werner Heisenberg, Lev Landau, and George Placzek, to name but a few. This first volume, which covers the years 1922 to 1945, contains much of the early family correspondence, letters exchanged between Rudolf and Genia Peierls before and after their marriage in 1931, correspondence relating to early developments in quantum physics, and interesting material relating to the development of nuclear weapons. The extensive apparatus provides an invaluable background which allows the reader to put the presented documents into their multi-faceted social, political and scientific context.

Probability and Stochastic Processes

Probability and Stochastic Processes
Author: Ionut Florescu
Publsiher: John Wiley & Sons
Total Pages: 576
Release: 2014-12-04
ISBN 10: 1118593138
ISBN 13: 9781118593134
Language: EN, FR, DE, ES & NL

Probability and Stochastic Processes Book Review:

A comprehensive and accessible presentation of probabilityand stochastic processes with emphasis on key theoretical conceptsand real-world applications With a sophisticated approach, Probability and StochasticProcesses successfully balances theory and applications in apedagogical and accessible format. The book’s primary focusis on key theoretical notions in probability to provide afoundation for understanding concepts and examples related tostochastic processes. Organized into two main sections, the book begins by developingprobability theory with topical coverage on probability measure;random variables; integration theory; product spaces, conditionaldistribution, and conditional expectations; and limit theorems. Thesecond part explores stochastic processes and related conceptsincluding the Poisson process, renewal processes, Markov chains,semi-Markov processes, martingales, and Brownian motion. Featuringa logical combination of traditional and complex theories as wellas practices, Probability and Stochastic Processes alsoincludes: Multiple examples from disciplines such as business,mathematical finance, and engineering Chapter-by-chapter exercises and examples to allow readers totest their comprehension of the presented material A rigorous treatment of all probability and stochasticprocesses concepts An appropriate textbook for probability and stochastic processescourses at the upper-undergraduate and graduate level inmathematics, business, and electrical engineering, Probabilityand Stochastic Processes is also an ideal reference forresearchers and practitioners in the fields of mathematics,engineering, and finance.

Probability Finance and Insurance

Probability  Finance and Insurance
Author: T. L. Lai,Hailiang Yang,Siu Pang Yung
Publsiher: World Scientific
Total Pages: 242
Release: 2004
ISBN 10: 9812702717
ISBN 13: 9789812702715
Language: EN, FR, DE, ES & NL

Probability Finance and Insurance Book Review:

This workshop was the first of its kind in bringing together researchers in probability theory, stochastic processes, insurance and finance from mainland China, Taiwan, Hong Kong, Singapore, Australia and the United States. In particular, as China has joined the WTO, there is a growing demand for expertise in actuarial sciences and quantitative finance. The strong probability research and graduate education programs in many of China's universities can be enriched by their outreach in fields that are of growing importance to the country's expanding economy, and the workshop and its proceedings can be regarded as the first step in this direction. This book presents the most recent developments in probability, finance and actuarial sciences, especially in Chinese probability research. It focuses on the integration of probability theory with applications in finance and insurance. It also brings together academic researchers and those in industry and government. With contributions by leading authorities on probability theory OCo particularly limit theory and large derivations, valuation of credit derivatives, portfolio selection, dynamic protection and ruin theory OCo it is an essential source of ideas and information for graduate students and researchers in probability theory, mathematical finance and actuarial sciences, and thus every university should acquire a copy. The proceedings have been selected for coverage in: . OCo Index to Scientific & Technical Proceedings (ISTP CDROM version / ISI Proceedings). OCo Index to Social Sciences & Humanities Proceedings- (ISSHP- / ISI Proceedings). OCo Index to Social Sciences & Humanities Proceedings (ISSHP CDROM version / ISI Proceedings). OCo CC Proceedings OCo Engineering & Physical Sciences. Contents: Limit Theorems for Moving Averages (T L Lai); On Large Deviations for Moving Average Processes (L Wu); Recent Progress on Self-Normalized Limit Theorems (Q-M Shao); Limit Theorems for Independent Self-Normalized Sums (B-Y Jing); Phase Changes in Random Recursive Structures and Algorithms (H-K Hwang); JohnsonOCoMehl Tessellations: Asymptotics and Inferences (S N Chiu); Rapid Simulation of Correlated Defaults and the Valuation of Basket Default Swaps (Z Zhang et al.); Dynamic Protection with Optimal Withdrawal (H U Gerber & E S W Shiu); Ruin Probability for a Model Under Markovian Switching Regime (H Yang & G Yin); and other papers. Readership: Researchers and graduate students in probability and statistics."

Loss Models

Loss Models
Author: Stuart A. Klugman,Harry H. Panjer,Gordon E. Willmot
Publsiher: John Wiley & Sons
Total Pages: 784
Release: 2012-01-25
ISBN 10: 0470391332
ISBN 13: 9780470391334
Language: EN, FR, DE, ES & NL

Loss Models Book Review: