April 2011
Intermediate to advanced
328 pages
9h 5m
English
Content preview from Risk Analysis in Finance and Insurance, 2nd Edition
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Preface to 2nd edition
This book deals with the notion of “risk” and is devoted to analysis of risks
in finance and insurance. We will study risks associated with financial and
insurance contracts, by which we understand risks to be uncertainties that
may result in financial loss and affect the ability to make payments associ-
ated with the corresponding contracts. Our approach to this analysis is based
on the development of a methodology for estimating the present value of the
future payments given current financial, insurance, and other information. Us-
ing this approach, one can appropriately define notions of price for a financial
contract, of premium
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.