Ruin Probabilities Book

Ruin Probabilities


  • Author : S?ren Asmussen
  • Publisher : World Scientific
  • Release Date : 2010
  • Genre: Mathematics
  • Pages : 602
  • ISBN 10 : 9789814282529

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Ruin Probabilities Excerpt :

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 Book

Ruin Probabilities


  • Author : Yuliya Mishura
  • Publisher : Elsevier
  • Release Date : 2016-11-08
  • Genre: Business & Economics
  • Pages : 276
  • ISBN 10 : 9780081020982

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Ruin Probabilities Excerpt :

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 Book

Ruin Probabilities


  • Author : Asmussen Soren
  • Publisher : World Scientific
  • Release Date : 2000-07-24
  • Genre: Mathematics
  • Pages : 400
  • ISBN 10 : 9789814500326

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Ruin Probabilities Excerpt :

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 Book

Insurance Risk and Ruin


  • Author : David C. M. Dickson
  • Publisher : Cambridge University Press
  • Release Date : 2016-10-31
  • Genre: Business & Economics
  • Pages : 300
  • ISBN 10 : 9781107154605

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Insurance Risk and Ruin Excerpt :

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

Ruin Probabilities Book

Ruin Probabilities


  • Author : Anonim
  • Publisher : Unknown
  • Release Date : 2022-06-30
  • Genre: Uncategoriezed
  • Pages : null
  • ISBN 10 : 9789814466929

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Ruin Probabilities Excerpt :

Retirement Income Recipes in R Book

Retirement Income Recipes in R


  • Author : Moshe Arye Milevsky
  • Publisher : Springer Nature
  • Release Date : 2020-09-26
  • Genre: Business & Economics
  • Pages : 302
  • ISBN 10 : 9783030514341

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Retirement Income Recipes in R Excerpt :

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.

Encyclopedia of Quantitative Risk Analysis and Assessment Book

Encyclopedia of Quantitative Risk Analysis and Assessment


  • Author : Anonim
  • Publisher : John Wiley & Sons
  • Release Date : 2008-09-02
  • Genre: Mathematics
  • Pages : 2176
  • ISBN 10 : 9780470035498

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Encyclopedia of Quantitative Risk Analysis and Assessment Excerpt :

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.

Modern Actuarial Risk Theory Book

Modern Actuarial Risk Theory


  • Author : Rob Kaas
  • Publisher : Springer Science & Business Media
  • Release Date : 2008-12-03
  • Genre: Uncategoriezed
  • Pages : 400
  • ISBN 10 : 9783540867364

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Modern Actuarial Risk Theory Excerpt :

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 Science Book

Actuarial Science


  • Author : Hanji Shang
  • Publisher : World Scientific
  • Release Date : 2006
  • Genre: Business & Economics
  • Pages : 266
  • ISBN 10 : 9789812774668

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Actuarial Science Excerpt :

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.

Stochastic Processes for Insurance and Finance Book

Stochastic Processes for Insurance and Finance


  • Author : Tomasz Rolski
  • Publisher : John Wiley & Sons
  • Release Date : 2009-09-25
  • Genre: Mathematics
  • Pages : 680
  • ISBN 10 : 9780470317884

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Stochastic Processes for Insurance and Finance Excerpt :

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

Ruin Probabilities Book

Ruin Probabilities


  • Author : S?ren Asmussen
  • Publisher : World Scientific
  • Release Date : 2000
  • Genre: Mathematics
  • Pages : 385
  • ISBN 10 : 9789812779311

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Ruin Probabilities Excerpt :

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.

Incerto Book

Incerto


  • Author : Nassim Nicholas Taleb
  • Publisher : Random House Trade
  • Release Date : 2021-05-04
  • Genre: Uncategoriezed
  • Pages : 1872
  • ISBN 10 : 9780593243657

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Incerto Excerpt :

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 Book
Score: 3
From 1 Ratings

Skin in the Game


  • Author : Nassim Nicholas Taleb
  • Publisher : Random House
  • Release Date : 2018-02-27
  • Genre: Philosophy
  • Pages : 304
  • ISBN 10 : 9780425284636

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Skin in the Game Excerpt :

#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 g

Nonlinear Mathematics for Uncertainty and its Applications Book

Nonlinear Mathematics for Uncertainty and its Applications


  • Author : Shoumei Li
  • Publisher : Springer Science & Business Media
  • Release Date : 2011-07-21
  • Genre: Technology & Engineering
  • Pages : 709
  • ISBN 10 : 9783642228339

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Nonlinear Mathematics for Uncertainty and its Applications Excerpt :

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.