Ebook Actuarial Mathematics for Life Contingent Risks (International Series on Actuarial Science)
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Actuarial Mathematics for Life Contingent Risks (International Series on Actuarial Science)
Ebook Actuarial Mathematics for Life Contingent Risks (International Series on Actuarial Science)
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Review
Review of the first edition: 'The book is well written, well organized, and easy to read. It may be an excellent textbook for both undergraduate and graduate programs in actuarial science. It is also a rich source of useful information for practitioners of the actuarial profession and financial risk managers who seek a practical and inspiring guide to liability cash flow modeling and valuation.' Scandinavian Actuarial Journal
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Book Description
Three leaders in actuarial science give a modern perspective on life contingencies. Balancing rigour and intuition, and emphasizing applications, this modern text is ideal for university courses and actuarial exam preparation. This second edition includes brand new chapters and exercises, and will prepare students for the new-style MLC exam.
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Product details
Series: International Series on Actuarial Science
Hardcover: 616 pages
Publisher: Cambridge University Press; 2 edition (August 12, 2013)
Language: English
ISBN-10: 9781107044074
ISBN-13: 978-1107044074
ASIN: 1107044073
Product Dimensions:
6.2 x 1.6 x 9.2 inches
Shipping Weight: 14.1 ounces (View shipping rates and policies)
Average Customer Review:
4.3 out of 5 stars
18 customer reviews
Amazon Best Sellers Rank:
#95,353 in Books (See Top 100 in Books)
This is an excellent, must-have addition to the library of any aspiring actuary. Topics from elementary survival models through multiple-state models are explained clearly and cogently, with great practice problems at the end of each chapter that challenge the student to think critically based on the material presented in each section.I would definitely recommend this book for self-study, as the mathematics are clearly developed in each section and the various real-world drawbacks and consequences of particular models are discussed in-depth. None of the math is of the "don't try this at home" level, but obviously you have to be quite comfortable with differential and integral calculus. For the sake of brevity and orderliness, many of the intermediate steps are not shown in the proofs and derivations of formulas, so if you absolutely have to know, it's on you to do the messy algebra work. On the whole, this tends to serve as a very good exercise and will help you to be able to develop the mathematics for yourself; personally I find that one of the most important parts of learning independently is self-reliance and a willingness to think critically, and this book will certainly encourage that.This is an all-around excellent purchase that you cannot go wrong with. An outstanding treatise on the mathematics used in one of the world's top professional fields.
I absolutely love this textbook, it is probably my favorite. I have a bachelors degree in mathematics and have read many textbooks that are considered more "rigorous" than most and this one stands out as a very pleasing read. There are, however, several typos scattered throughout and many are not listed on the errata sheet posted on this textbook's website, but they do not impede readability, distract excessively, or weaken trust in the authors or content. It is very well structured and filled with engaging end-of-chapter problems that are challenging and extremely instructing. This text coupled with the solution manual may be the only things I need to pass the recently revised SOA LTAM exam (previously MLC).
This refers only to the Kindle version. I'm sure it's a great softcover or hardcover book, but the Kindle version is unreadable because the formulas don't render properly. Amazon should be applying some quality control to "scientific" books like this. The end-around is for publishers to insert screenshots of all the formulas because whatever rendering language the Kindle uses doesn't recognize the unique characteristics of formulas.
Great book for aspiring actuaries!
I'm normally a lecture guy, would much rather listen to someone explain a concept than read it out of a book. However, this textbook was so well written that I had to come on here and give it a good review. I have no problem reading and comprehending the material in this textbook soley because of its intuitive prose and plain language approach. Also, the historical background it gives that set up a real framework for the concepts is a huge plus. I actually feel like I'm learning something useful and with real application, rather than just chugging through formulas for their own sake.
Excellent book on life actuarial mathematics, both theoretically sound but it also gives a perspective of practice. I recommend the book.
The book is like new, awesome ! I am very satisfied !
Detailed text for passing your MLC. Bought it as a textbook, binding and paper quality is amazing.
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