Financial mathematics for actuaries
Publication Type
Book
Publication Date
10-2021
Abstract
This book provides a thorough understanding of the fundamental concepts of financial mathematics essential for the evaluation of any financial product and instrument. Mastering concepts of present and future values of streams of cash flows under different interest rate environments is core for actuaries and financial economists. This book covers the body of knowledge required by the Society of Actuaries (SOA) for its Financial Mathematics (FM) Exam.The third edition includes major changes such as an addition of an "R Laboratory" section in each chapter, except for Chapter 9. These sections provide R codes to do various computations, which will facilitate students to apply conceptual knowledge. Additionally, key definitions have been revised and the theme structure has been altered.
Keywords
actuarial science, economics and finance
Discipline
Econometrics | Numerical Analysis and Computation
Research Areas
Econometrics
First Page
1
Last Page
368
ISBN
9789811243271
Identifier
10.1142/12464
Publisher
World Scientific
City or Country
Singapore
Citation
CHAN, Wai-Sum and TSE, Yiu Kuen.
Financial mathematics for actuaries. (2021). 1-368.
Available at: https://ink.library.smu.edu.sg/soe_research/2745
Additional URL
https://doi.org/10.1142/12464