Books about Actuarial from Amazon.com

This is the eBook version of the printed book. In business and investing, risk has traditionally been viewed negatively: investors and companies can lose money due to risk and therefore we typically penalize companies for taking risks. That's why most books on risk management focus strictly on hedging or mitigating risk. But the enterprise's relationship with risk should be far more nuanced. Great companies become great because they seek out and exploit intelligent risks, not because they avoid all risk. Strategic Risk Taking: A Framework for Risk Management is the first book to take this broader view, encompassing both risk hedging at one end of the spectrum and strategic risk taking on the other. World-renowned financial pioneer Aswath Damodaran -- one of BusinessWeek's top 12 business school professors -- is singularly well positioned to take this strategic view. Here, Damodaran helps you separate good risk (opportunities) from bad risk (threats), showing how to utilize the former while protecting yourself against the latter. He introduces powerful financial tools for evaluating risk, and demonstrates how to draw on other disciplines to make these tools even more effective. Simply put, Damodaran has written the first book that helps you use risk to increase firm value, drive higher growth and returns, and create real competitive advantage. .
Price: $21.55 [Notify me when price goes down.]

Loss Models: From Data to Decisions, Third Edition has been thoroughly revised and updated to include new material related to Exam C (old Exam 4) of the Society of Actuaries' accreditation program. Terms are defined when they are first introduced, and a solid background in mathematical sciences (including calculus) is recommended. Companion software, datasets, and over 400 sample test exercises, with worked-out solutions, are available in various online products. The content of the book is organized around the principle that actuaries build models in order to analyze risks. It begins with a framework for model building and a description of frequency and severity loss data and moves forward with a thorough emphasis on paramtric models throughout the book. Frequency, severity, and risk models are extensively developed through aggregate loss models, in credibility-based pricing models, and in loss analysis over multiple time periods. This book is a must-have for all aspiring and practicing actuaries..
Price: $22.79 [Notify me when price goes down.]

Proposals to reform the health care system typically focus on either increasing private insurance or expanding government-sponsored plans. Guaranteeing that everyone is insured, however, does not create a system with the quality of care patients want, the flexibility clinicians need, and the internal dynamics to continually improve the value of health care.

In Total Cure, Hal Luft presents a comprehensive new proposal, SecureChoice, which does all that while providing affordable health insurance for every American. SecureChoice is a plan that restructures payment for medical care, harnessing the flexibility and responsiveness of the market by aligning the incentives of clinicians, hospitals, and insurers with those of the patient. It uses the accountability of government to ensure transparency, competition, and equity.

SecureChoice has two major components. A universal pool covers the major risks of hospitalization and chronic illness, which account for almost two-thirds of all costs. Everyone would be in the pool, irrespective of employment, income, or health status. The second component emphasizes choice, flexibility, and responsibility. People will be able to choose any physician to serve as their “medical home,” to keep track of their health records, provide much of their care, and suggest referrals. Clinicians will have the information and incentives to continually enhance quality. SecureChoice also facilitates improvements in areas ranging from malpractice to pharmaceuticals and establishes new roles for key stakeholders such as health insurers.

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Price: $18.45 [Notify me when price goes down.]

Building upon the technical and organizational groundwork presented in the first edition, Risk Assessment and Decision Making in Business and Industry: A Practical Guide, Second Edition addresses the many aspects of risk/uncertainty (R/U) process implementation. This comprehensive volume covers four broad aspects of R/U: general concepts, implementation processes, technical aspects, and examples of application. Each section provides practical guidance, combining technical information with advice on how to implement R/U techniques and processes in real-world corporate environments. Following an examination of general principles involved in quantitatively assessing risks and their impact on value, the book describes the two main probabilistic measures of project value - Expected Value of Success (EVS) and the Expected Value for the Portfolio (EVP). The text clearly demonstrates how these metrics are used in individual-project and portfolio management. By presenting concepts in layman's terms and fully integrating advice related to technical and human characteristics of R/U-related corporate life, this book serves as a complete primer for professionals in any business environment. What's New in the Second Edition: · Provides guidance for implementation of R/U processes in modern corporations · Offers a crucial breakthrough by defining the terms "risk" and "uncertainty" in ways that can be applied in all aspects of science and business · Explores real-world impediments to process change and implementation · Addresses R/U from a corporate decision-maker's perspective, detailing how to employ R/U to set budgets, manage portfolios, value investments, and execute other critical tasks.
Price: $43.16 [Notify me when price goes down.]

Actuarial work is the application of mathematics and statistics to the analysis of financial problems in life insurance, pensions, general insurance and investments. This unique introduction to the topic employs both a deterministic and stochastic treatment of the subject. It combines interest theory and life contingencies in a unified manner as well as covering basic risk theory. Fundamentals of Actuarial Mathematics presents the concepts in an original, accessible style, assuming a minimal formal background.
* Provides a complete review of necessary probability theory.
* Covers the Society of Actuaries' syllabus on Actuarial Models.
* Orders the topics specifically to facilitate learning, beginning with the simplest case of the deterministic discrete model, and then moving to the more complicated stochastic, continuous models.
* Employs modern calculation and computing techniques, such as spreadsheets.
* Contains a variety of exercises, both computational and theoretical.
* Supported by a website featuring exercises and further examples.
* Written by a highly respected academic with over 35 years teaching experience.

This book will be invaluable to senior undergraduate and graduate students, as well as actuarial professionals working in the life insurance or pension fields. Applied mathematicians and economists will also benefit greatly from the clear presentation and numerous examples..
Price: $65.09 [Notify me when price goes down.]

This comprehensive book presents a systematic and practically oriented approach to mathematical modeling in finance, particularly in the foreign exchange context. It describes all the relevant aspects of financial engineering, including derivative pricing, in detail. The book is self-contained, with the necessary mathematical, economic, and trading background carefully explained. In addition to the lucid treatment of the standard material, it describes many original results.

The book can be used both as a text for students of financial engineering, and as a basic reference for risk managers, traders, and academics..
Price: $41.76 [Notify me when price goes down.]

Loss Models: From Data to Decisions, Third Edition has been thoroughly revised and updated to include new material related to Exam C (old Exam 4) of the Society of Actuaries' accreditation program. Terms are defined when they are first introduced, and a solid background in mathematical sciences (including calculus) is recommended. Companion software, datasets, and over 400 sample test exercises, with worked-out solutions, are available in various online products. The content of the book is organized around the principle that actuaries build models in order to analyze risks. It begins with a framework for model building and a description of frequency and severity loss data and moves forward with a thorough emphasis on paramtric models throughout the book. Frequency, severity, and risk models are extensively developed through aggregate loss models, in credibility-based pricing models, and in loss analysis over multiple time periods. This book is a must-have for all aspiring and practicing actuaries..
Price: $92.92 [Notify me when price goes down.]