On Some Questions Connected With Mathematical Risk
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Author | : Hans Bühlmann |
Publisher | : Springer Science & Business Media |
Total Pages | : 218 |
Release | : 2007-06-15 |
Genre | : Mathematics |
ISBN | : 3540307117 |
From the reviews: "The huge literature in risk theory has been carefully selected and supplemented by personal contributions of the author, many of which appear here for the first time. The result is a systematic and very readable book, which takes into account the most recent developments of the field. It will be of great interest to the actuary as well as to the statistician . . ." -- Math. Reviews Vol. 43
Author | : E. Beard |
Publisher | : Springer Science & Business Media |
Total Pages | : 206 |
Release | : 2013-03-09 |
Genre | : Science |
ISBN | : 9400957815 |
whioh the developments are appropriate in an elementary text book is open to doubt. Fortunately the proceedings of the conference arranged by the Society of Actuaries Research Committee in September 1974 provide an effective review of the ourrent position (Credibility, Theory and Applications, Ed. P. M. Kahn, Academic Press, 1975). It is doubtful if any practical use is now made of the Esscher approximation and the N-P method is much more convenient and of adequate accuracy in most practical work. Thus the first half of Chapter 6 is now largely of historical interest. Chapter 11 dealing with ruin probability during a finite time interval does not give an adequate view of the current importanoe of this topic but the position is fluid because of the considerable effort being expended in the search for practical methods of calcu lation. Formulae are, in general, complicated and involve extensive computer based quadratures or simulation techniques. The paper by Seal in the Scandinavian Actuarial Journal (The Numerical Calculation of U(w,t) the Probability of Non-ruin in an Interval (O,t) 1974) gives a recent treatment and a fairly complete list of relevant references. In many countries studies are currently in progress in the develop ment of models for business planning where the basic operations involve a stochastic process. Not only are insurance companies interested but in many commercial and industrial firms the needs are significant so that a very large field exists for applications.
Author | : Ibragimoc |
Publisher | : CRC Press |
Total Pages | : 336 |
Release | : 1996-09-01 |
Genre | : Mathematics |
ISBN | : 9782919875146 |
First published in 1996. Routledge is an imprint of Taylor & Francis, an informa company.
Author | : Anatoly Swishchuk |
Publisher | : Springer Science & Business Media |
Total Pages | : 310 |
Release | : 2013-03-14 |
Genre | : Mathematics |
ISBN | : 9401595984 |
The book is devoted to the new trends in random evolutions and their various applications to stochastic evolutionary sytems (SES). Such new developments as the analogue of Dynkin's formulae, boundary value problems, stochastic stability and optimal control of random evolutions, stochastic evolutionary equations driven by martingale measures are considered. The book also contains such new trends in applied probability as stochastic models of financial and insurance mathematics in an incomplete market. In the famous classical financial mathematics Black-Scholes model of a (B,S) market for securities prices, which is used for the description of the evolution of bonds and stocks prices and also for their derivatives, such as options, futures, forward contracts, etc., it is supposed that the dynamic of bonds and stocks prices are set by a linear differential and linear stochastic differential equations, respectively, with interest rate, appreciation rate and volatility such that they are predictable processes. Also, in the Arrow-Debreu economy, the securities prices which support a Radner dynamic equilibrium are a combination of an Ito process and a random point process, with the all coefficients and jumps being predictable processes.
Author | : William Feller |
Publisher | : John Wiley & Sons |
Total Pages | : 709 |
Release | : 1991-01-08 |
Genre | : Mathematics |
ISBN | : 0471257095 |
The classic text for understanding complex statistical probability An Introduction to Probability Theory and Its Applications offers comprehensive explanations to complex statistical problems. Delving deep into densities and distributions while relating critical formulas, processes and approaches, this rigorous text provides a solid grounding in probability with practice problems throughout. Heavy on application without sacrificing theory, the discussion takes the time to explain difficult topics and how to use them. This new second edition includes new material related to the substitution of probabilistic arguments for combinatorial artifices as well as new sections on branching processes, Markov chains, and the DeMoivre-Laplace theorem.
Author | : Yu. M. Suhov |
Publisher | : American Mathematical Soc. |
Total Pages | : 228 |
Release | : 2002 |
Genre | : Mathematics |
ISBN | : 9780821833063 |
This volume is dedicated to F. I. Karpelevich, an outstanding Russian mathematician who made important contributions to applied probability theory. The book contains original papers focusing on several areas of applied probability and its uses in modern industrial processes, telecommunications, computing, mathematical economics, and finance. It opens with a review of Karpelevich's contributions to applied probability theory and includes a bibliography of his works. Other articles discuss queueing network theory, in particular, in heavy traffic approximation (fluid models). The book is suitable for graduate students, theoretical and applied probabilists, computer scientists, and engineers.
Author | : |
Publisher | : |
Total Pages | : 598 |
Release | : 1960 |
Genre | : Engineering |
ISBN | : |
Author | : D.R. Cox |
Publisher | : Routledge |
Total Pages | : 412 |
Release | : 2017-09-04 |
Genre | : Mathematics |
ISBN | : 1351408941 |
This book should be of interest to undergraduate and postgraduate students of probability theory.
Author | : |
Publisher | : |
Total Pages | : 496 |
Release | : |
Genre | : Military research |
ISBN | : |
Author | : Ole Skovsmose |
Publisher | : Springer Science & Business Media |
Total Pages | : 353 |
Release | : 2008-11-19 |
Genre | : Education |
ISBN | : 0387098291 |
More than ever, our time is characterised by rapid changes in the organisation and the production of knowledge. This movement is deeply rooted in the evolution of the scientific endeavour, as well as in the transformation of the political, economic and cultural organisation of society. In other words, the production of scientific knowledge is changing both with regard to the internal development of science and technology, and with regard to the function and role science and technology fulfill in society. This general social context in which universities and knowledge production are placed has been given different names: the informational society, the knowledge society, the learning society, the post-industrial society, the risk society, or even the post-modern society. A common feature of different characterisations of this historic time is the fact that it is a period in construction. Parts of the world, not only of the First World but also chunks of the Developing World, are involved in these transformations. There is a movement from former social, political and cultural forms of organisation which impact knowledge production into new forms. These forms drive us into forms of organisation that are unknown and that, for their very same complexity, do not show a clear ending stage. Somehow the utopias that guided the ideas of development and progress in the past are not present anymore, and therefore the transitions in the knowledge society generate a new uncertain world. We find ourselves and our universities to be in a transitional period in time. In this context, it is difficult to avoid considering seriously the challenges that such a complex and uncertain social configuration poses to scientific knowledge, to universities and especially to education in mathematics and science. It is clear that the transformation of knowledge outside universities has implied a change in the routes that research in mathematics, science and technology has taken in the last decades. It is also clear that in different parts of the world these changes have happened at different points in time. While universities in the "New World" (the American Continent, Africa, Asia and Oceania) have accommodated their operation to the challenges of the construction in the new world, in many European countries universities with a longer existence and tradition have moved more slowly into this time of transformation and have been responding at a less rapid pace to environmental challenges. The process of tuning universities, together with their forms of knowledge production and their provision of education in science and mathematics, with the demands of the informational society has been a complex process, as complex as the general transformation undergoing in society. Therefore an understanding of the current transitions in science and mathematics education has to consider different dimensions involved in such a change. Traditionally, educational studies in mathematics and science education have looked at changes in education from within the scientific disciplines and in the closed context of the classroom. Although educational change in the very end is implemented in everyday teaching and learning situations, other parallel dimensions influencing these situations cannot be forgotten. An understanding of the actual potentialities and limitations of educational transformations are highly dependent on the network of educational, cultural, administrative and ideological views and practices that permeate and constitute science and mathematics education in universities today. This book contributes to understanding some of the multiple aspects and dimensions of the transition of science and mathematics education in the current informational society. Such an understanding is necessary for finding possibilities to improve science and mathematics education in universities all around the world. Such a broad approach to the transitions happening in these fields has not been addressed yet by existing books in the market.