ENGLISH

Actuarial Mathematics

By Newton L. Bowers , Hans U. Gerber , James C. Hickman , Donald A. Jones , Cecil J. Nesbitt

Book information

Publisher
Society of Actuaries
Year
1997
ISBN
9780938959465, 0938959468
LCC
HG8781 .A26 1997
Open Library ID
OL663017M
Language
english
Format
PDF
Filesize
33 MB (34295526 bytes)
Edition
2nd ed
Pages
766\766
Scanned
yes
Time added
2010-02-18 13:16:04

Description

Students of the actuarial profession has no choice in acquiring this book as it's contents are part of the SOA syllabus. The coverage is broad and most essential topics in actuarial modelling are covered. Yet, in many instances it lacks imagination: it can become too obsessed with formulas and number crunching rather than concentrate on conveying the intuition behind the formulas. Another problem with dealing solely with the mathematical models behind insurance is that one could read the entire book and still not have a clue behind some of the most relevant real world insurance problems (e.g. adverse selection, moral hazard, etc). One would very likely have to read other materials to cover the economics behind insurance.

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