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Actuarial Mathematics - 2nd edition

by Newton L. Bowers, Hans U. Gerber, James C. Hickman and Do Jones

Actuarial Mathematics (ISBN10: 0938959468; ISBN13: 9780938959465)
ISBN13: 978-0938959465
ISBN10: 0938959468

Summary: This book goes to the heart of assessing the vulnerability in the pricing structures of all lines of insurance, employee benefits and other forms of contingent payments. This second edition is a step in an ongoing process of adapting the fundamentals of actuarial science to be current with changing realities. Among the book's key features is the probabilistic approach taken and the entry of risk into decision theory. Another key feature is the integration of lif ...show moree contingency concepts with risk theory. These and other expanded theoretical foundations carry actuarial practice to the forefront of defining ''security'' in the financial security industry. The text is critical for the preparation for the preliminary exams. ...show less

Edition/Copyright: 2ND 97
Cover: Hardcover
Publisher: Society of Actuaries
Year Published: 1997
International: No



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