Introduction to Actuarial Mathematics
- ÜRÜNÜN BULUNDUĞU ŞUBELERİMİZ
- Boğaziçi Üniversitesi
Topics dealt with include important concepts of financial mathematics; the concept of interests; annuities-certain; mortality theory; different types of life insurances; stochastic cash flows in general and pure endowments, whole life and term insurances, endowments, and life annuities in particular; premium calculations; reserves; mortality profit; and negative reserves.
The book contains many systematically solved examples showing the practical applications of the theory presented. Solving the problems at the end of each section is essential for understanding the material. Answers to odd-numbered problems are given at the end of the volume.
This work is recommended as a text for a one-semester course or one-year college course at senior level in actuarial mathematics, life insurance, or the mathematics of finance. It will be of interest to postgraduate students whose work involves actuarial studies, mathematical economics, statistics and probability, mathematical and quantitative methods, and applied probability.