Risk, Ruin and Survival
Risk, Ruin and Survival

Author: Ricardas Zitikis

Publisher: MDPI

Published: 2020-04-02

Total Pages: 210

ISBN-13: 3039285165

DOWNLOAD EBOOK

Developing techniques for assessing various risks and calculating probabilities of ruin and survival are exciting topics for mathematically-inclined academics. For practicing actuaries and financial engineers, the resulting insights have provided enormous opportunities but also created serious challenges to overcome, thus facilitating closer cooperation between industries and academic institutions. In this book, several renown researchers with extensive interdisciplinary research experiences share their thoughts that, in one way or another, contribute to the betterment of practice and theory of decision making under uncertainty. Behavioral, cultural, mathematical, and statistical aspects of risk assessment and modelling have been explored, and have been often illustrated using real and simulated data. Topics range from financial and insurance risks to security-type risks, from one-dimensional to multi- and even infinite-dimensional risks. The articles in the book were written with a broad audience in mind and should provide enjoyable reading for those with university level degrees and/or those who have studied for accreditation by various actuarial and financial societies.

Risk, Ruin and Survival: Decision Making in Insurance and Finance
Risk, Ruin and Survival: Decision Making in Insurance and Finance

Author: Ricardas Zitikis

Publisher:

Published: 2020

Total Pages: 210

ISBN-13: 9783039285174

DOWNLOAD EBOOK

Developing techniques for assessing various risks and calculating probabilities of ruin and survival are exciting topics for mathematically-inclined academics. For practicing actuaries and financial engineers, the resulting insights have provided enormous opportunities but also created serious challenges to overcome, thus facilitating closer cooperation between industries and academic institutions. In this book, several renown researchers with extensive interdisciplinary research experiences share their thoughts that, in one way or another, contribute to the betterment of practice and theory of decision making under uncertainty. Behavioral, cultural, mathematical, and statistical aspects of risk assessment and modelling have been explored, and have been often illustrated using real and simulated data. Topics range from financial and insurance risks to security-type risks, from one-dimensional to multi- and even infinite-dimensional risks.

Modern Actuarial Risk Theory
Modern Actuarial Risk Theory

Author: Rob Kaas

Publisher: Springer Science & Business Media

Published: 2008-12-03

Total Pages: 394

ISBN-13: 3540867368

DOWNLOAD EBOOK

Modern Actuarial Risk Theory contains what every actuary needs to know about non-life insurance mathematics. It starts with the standard material like utility theory, individual and collective model and basic ruin theory. Other topics are risk measures and premium principles, bonus-malus systems, ordering of risks and credibility theory. It also contains some chapters about Generalized Linear Models, applied to rating and IBNR problems. As to the level of the mathematics, the book would fit in a bachelors or masters program in quantitative economics or mathematical statistics. This second and.

Ruin Probabilities
Ruin Probabilities

Author: Yuliya Mishura

Publisher: Elsevier

Published: 2016-11-08

Total Pages: 278

ISBN-13: 0081020988

DOWNLOAD EBOOK

Ruin Probabilities: Smoothness, Bounds, Supermartingale Approach deals with continuous-time risk models and covers several aspects of risk theory. The first of them is the smoothness of the survival probabilities. In particular, the book provides a detailed investigation of the continuity and differentiability of the infinite-horizon and finite-horizon survival probabilities for different risk models. Next, it gives some possible applications of the results concerning the smoothness of the survival probabilities. Additionally, the book introduces the supermartingale approach, which generalizes the martingale one introduced by Gerber, to get upper exponential bounds for the infinite-horizon ruin probabilities in some generalizations of the classical risk model with risky investments. - Provides new original results - Detailed investigation of the continuity and differentiability of the infinite-horizon and finite-horizon survival probabilities, as well as possible applications of these results - An excellent supplement to current textbooks and monographs in risk theory - Contains a comprehensive list of useful references

Managing High-Stakes Risk
Managing High-Stakes Risk

Author: M. Jablonowski

Publisher: Springer

Published: 2009-10-09

Total Pages: 173

ISBN-13: 023025120X

DOWNLOAD EBOOK

The threat we face from high-stakes risk has never been higher. These challenges include environmental pollution, fragile financial systems and the threat of widespread geopolitical violence. This book suggests that a return to natural risk levels – those in accordance with naturally occurring background levels – is both desirable and achievable.

Sophisticated Gambler's Ruin and Survival Chances
Sophisticated Gambler's Ruin and Survival Chances

Author: Salil Mehta

Publisher:

Published: 2014

Total Pages: 10

ISBN-13:

DOWNLOAD EBOOK

This note explores the mathematical theory to solve modern gambler's ruin problems. We establish a ruin framework and solve for the probability of bankruptcy. We also show how this relates to the expected time to bankruptcy and review the risk neutral probabilities associated an adjustment to asymmetrical views.

Risk reduction
Risk reduction

Author: Mervyn Richardson

Publisher: CRC Press

Published: 2002-09-11

Total Pages: 636

ISBN-13: 0203482913

DOWNLOAD EBOOK

Concerned with the need to reduce chemical risks, this text also covers related biological and physical risks. Risk reduction has an important economic role, not least in developing countries. Many of the contributors are from develping countries and indicate the problems and some of the solutions their countries will need to adopt during their process of reconstruction, development and recovery. The text discusses the decision-making process involving the political, socioeconomic, engineering, and natural sciences so as to develop, analyze and compare regulatory options. It considers how such measured decision making enables the selection of optimal responses to achieve safety from perceived hazards.

Extreme Values and Financial Risk
Extreme Values and Financial Risk

Author: Saralees Nadarajah

Publisher: MDPI

Published: 2019-01-15

Total Pages: 115

ISBN-13: 3038974390

DOWNLOAD EBOOK

This book is a printed edition of the Special Issue "Extreme Values and Financial Risk" that was published in JRFM

Surviving and Thriving in Uncertainty
Surviving and Thriving in Uncertainty

Author: Frederick Funston

Publisher: John Wiley & Sons

Published: 2010-06-03

Total Pages: 368

ISBN-13: 0470617489

DOWNLOAD EBOOK

A new book to help senior executives and boards get smart about risk management The ability of businesses to survive and thrive often requires unconventional thinking and calculated risk taking. The key is to make the right decisions—even under the most risky, uncertain, and turbulent conditions. In the new book, Surviving and Thriving in Uncertainty: Creating the Risk Intelligent Enterprise, authors Rick Funston and Steve Wagner suggest that effective risk taking is needed in order to innovate, stay competitive, and drive value creation. Based on their combined decades of experience as practitioners, consultants, and advisors to numerous business professionals throughout the world, Funston and Wagner discuss the adoption of 10 essential and practical skills, which will improve agility, resilience, and realize benefits: Challenging basic business assumptions can help identify "Black Swans" and provide first-mover advantage Defining the corporate risk appetite and risk tolerances can help reduce the risk of ruin. Anticipating potential causes of failure can improve chances of survival and success through improved preparedness. Factoring in velocity and momentum can improve speed of response and recovery. Verifying sources and the reliability of information can improve insights for decision making and thus decision quality. Taking a longer-term perspective can aid in identifying the potential unintended consequences of short-term decisions.