Fundamentals of Actuarial Mathematics
- ISBN-10
- 1118782461
- ISBN-13
- 9781118782460
- Category
- Mathematics
- Pages
- 552
- Language
- English
- Published
- 2015-01-20
- Publisher
- John Wiley & Sons
- Author
- S. David Promislow
Description
Provides a comprehensive coverage of both the deterministic and stochastic models of life contingencies, risk theory, credibility theory, multi-state models, and an introduction to modern mathematical finance. New edition restructures the material to fit into modern computational methods and provides several spreadsheet examples throughout. Covers the syllabus for the Institute of Actuaries subject CT5, Contingencies Includes new chapters covering stochastic investments returns, universal life insurance. Elements of option pricing and the Black-Scholes formula will be introduced.
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