Fundamentals of Actuarial Mathematics
| Author | : | |
| Rating | : | 4.52 (514 Votes) |
| Asin | : | 0470016892 |
| Format Type | : | paperback |
| Number of Pages | : | 392 Pages |
| Publish Date | : | 2015-12-06 |
| Language | : | English |
DESCRIPTION:
David Promislow, Professor Emeritus, Department of Mathematics and Statistics, York University, Toronto, Canada . S
Adequate, but full of errors kingpin I must first admit this is a topic that I only have a mild interest in. The strengths of the book are that there are many worked examples, as well as proofs. There are also answers to most of the problems. The bad news is many of the answers are wrong. Newer printings have corrected many mistakes but a fair number remain. Before using this book download a .pdf file of the errata. You can find this by searching the key words Promislow & errata. The errata lists over 300 errors and is still not complete.. "Good introduction to the topic" according to Christian Scholz. Before buying this book I had never had any exposure to actuarial mathematics. I was looking for a good introduction that would fit my mathematical skills (PhD Economist feeling comfortable with applied mathematics but lacking the training in mathematical to do proofs or anything similar). Promislow's book fully met my expectations and increased my interest for the subject. In fact I have purchased more books since.It is true that the title is a little misleading as the book's primary topic is life insurance. However, there are three or four chapter de. An adequate book for beginners. Genevieve Hayes The problem with Life Insurance mathematics is that there are very few really good books on the topic. This book does little to alleviate this situation. Inspite of its title, "Fundamentals of Actuarial Mathematics" is essential a text book on Life Insurance mathematics. Of its 372 pages, 243 are devoted to Life Insurance mathematics (the remaining pages focussing on risk theory, in particular compound distributions, Markov chains, Poisson processes and ruin models, all of which are usually considered in the context of property and casualty or general
* Written by a highly respected academic with over 35 years teaching experience. Applied mathematicians and economists will also benefit greatly from the clear presentation and numerous examples.. This unique introduction to the topic employs both a deterministic and stochastic treatment of the subject. * Employs modern calculation and computing techniques, such as spreadsheets. * Orders the topics specifically to facilitate learning, beginning with the simplest case of the deterministic discrete model, and then moving to the more complicated stochastic, continuous models. * Supported by a website featuring exercises and further examples. This book will be invaluable to senior undergraduate and graduate students, as well as actuarial professionals working in the life insurance or pension fields. It combines interest theory and life contingencies in a unified manner as well as covering basic risk theory. * Contains a variety of exercises, both computational
"…the author deserves credit for the consistent content, simplicity, and clear presentation." (Technometrics, August 2007) "…a useful alternative to the existing textbooks of actuarial mathematics…" (Mathematical Reviews, 2007d)