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source for required mathematical and statistical background. The second is to advance the application and theory of …, along with a new solutions section. This edition also includes a new chapter on Markov chain theory with applications to …
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The aim of these Lecture Notes is to complement the material, concerning Life Insurance, presented in the textbook by A. Olivieri and E. Pitacco, “Introduction to Insurance Mathematics. Technical and Financial Features of Risk Tansfers”, by providing the basics of a time-continuous setting...
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This concise introduction to life contingencies, the theory behind the actuarial work around life insurance and pension … funds, will appeal to the reader who likes applied mathematics. In addition to model of life contingencies, the theory of …
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asymmetric information causes market inefficiencies, such as adverse selection. Groundbreaking in its scope, The Economic Theory … annuities and changes in longevity on aggregate savings. Sheshinski utilizes statistical population theory to shed light on the …
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