Introductory Stochastic Analysis for Finance and

Introductory Stochastic Analysis for Finance and
By:X. Sheldon Lin
Published on 2006-04-21 by John Wiley & Sons

Incorporates the many tools needed for modeling and pricing infinance and insurance Introductory Stochastic Analysis for Finance and Insuranceintroduces readers to the topics needed to master and use basicstochastic analysis techniques for mathematical finance.

The authorpresents the theories of stochastic processes and stochasticcalculus and provides the necessary tools for modeling and pricingin finance and insurance.

Practical in focus, the book's emphasisis on application, intuition, and computation, rather thantheory.

Consequently, the text is of interest to graduate students,researchers, and practitioners interested in these areas.

While thetext is self-contained, an introductory course in probabilitytheory is beneficial to prospective readers.

This book evolved from the author's experience as an instructor andhas been thoroughly classroom-tested.

Following an introduction,the author sets forth the fundamental information and tools neededby researchers and practitioners working in the financial andinsurance industries: * Overview of Probability Theory * Discrete-Time stochastic processes * Continuous-time stochastic processes * Stochastic calculus: basic topics The final two chapters, Stochastic Calculus: Advanced Topics andApplications in Insurance, are devoted to more advanced topics.Readers learn the Feynman-Kac formula, the Girsanov's theorem, andcomplex barrier hitting times distributions.

Finally, readersdiscover how stochastic analysis and principles are applied inpractice through two insurance examples: valuation of equity-linkedannuities under a stochastic interest rate environment andcalculation of reserves for universal life insurance.

Throughout the text, figures and tables are used to help simplifycomplex theory and pro-cesses.

An extensive bibliography opens upadditional avenues of research to specialized topics.

Ideal for upper-level undergraduate and graduate students, thistext is recommended for one-semester courses in stochastic financeand calculus.

It is also recommended as a study guide forprofessionals taking Causality Actuarial Society (CAS) and Societyof Actuaries (SOA) actuarial examinations.

This Book was ranked at 29 by Google Books for keyword financial,insurance.

Book ID of Introductory Stochastic Analysis for Finance and Insurance's Books is cW7rYX6ATw0C, Book which was written by "X. Sheldon Lin" have ETAG "jNIYdbkpMpc"

Book which was published by John Wiley & Sons since 2006-04-21 have ISBNs, ISBN 13 Code is 0471793205 and ISBN 10 Code is 9780471793205

Reading Mode in Text Status is and Reading Mode in Image Status is 1

Book which have "224 Pages" is Printed at BOOK under Category Mathematics

This Book was rated by Raters and have average rate at ""

This eBook Maturity (Adult Book) status is NOT_MATURE

Book was written in en

eBook Version Availability Status at PDF is Available and in ePub is not Available

Related Books

Financial institutions and the Nation's economy (FINE)

Author : United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
Published by Published since 1975

Acts of God and

Author : Michael Powers
Published by Columbia University PressPublished since 2014-01-01

Much has been written about the ups and downs of financial markets, from the lure of prosperity to the despair of crises.

Yet a more fundamental and pernicious source of uncertainty exists in today's world: the traditional “insurance” risks of earthquakes, storms, terrorist attacks, and other disasters.

Insightfully exploring these "acts of God and man," Michael R.

Powers guides readers through the methods available for identifying and measuring such risks, financing their consequences, and forecasting their future behavior within the limits of science.

A distinctive characteristic of earthquakes, hurricanes, bombings, and other insurance risks is that they impact the values of stocks, bonds, commodities, and other market-based financial products, while remaining largely unaffected by or “aloof” from the behavior of markets.

Quantifying such risks given limited data is difficult yet crucial for achieving the financing objectives of insurance.

Powers begins with a discussion of how risk impacts our lives, health, and possessions and proceeds to introduce the statistical techniques necessary for analyzing these uncertainties.

He then considers the experience of risk from the perspectives of both policyholders and insurance companies, and compares their respective responses.

The risks inherent in the private insurance industry lead naturally to a discussion of the government's role as both market regulator and potential "insurer of last resort." Following a thoughtful and balanced analysis of these issues, Powers concludes with an interdisciplinary investigation into the nature of uncertainty, incorporating ideas from physics, philosophy, and game theory to assess science's limitations in predicting the ramifications of risk.

Business and Financial Concepts for Insurance

Author :
Published by Published since 2018

Assigned text for LOMA 307, Second edition


Author : Gregory D. Squires
Published by The Urban InsitutePublished since 1997

Redlining refers to discrimination in the homeowners' insurance market based on racial or ethnic characteristics of neighborhoods or individuals that are unrelated to risk.

This book brings new evidence to bear on the issues that have framed almost 30 years of debate over insurance redlining, providing a framework for the development of public policy, private industry practice, and partnerships with community-based organizations that can help make insurance available.

Contributors include academics, community organizers, private attorneys, and staffs of government agencies and nonprofit organizations.

Contributors include: Tom Baker and Karen McElrath; Stephen Dane; Robert Klein; George Knight; William Lynch; Richard Ritter; Jay Schultz; D.J.

Powers; and Shanna Smith and Cathy Cloud.

Post a Comment

Previous Post Next Post