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Developed from the Second International Congress on Actuarial Science and Quantitative Finance, this volume showcases the latest progress in all theoretical and empirical aspects of actuarial science and quantitative finance. Held at the Universidad de Cartagena in Cartegena, Colombia in June 2016, the conference emphasized relations between industry and academia and provided a platform for practitioners to discuss problems arising from the financial and insurance industries in the Andean and Caribbean regions. Based on invited lectures as well as carefully selected papers, these proceedings address topics such as statistical techniques in finance and actuarial science, portfolio management, risk theory, derivative valuation and economics of insurance.
At present, computational methods have received considerable attention in economics and finance as an alternative to conventional analytical and numerical paradigms. This Special Issue brings together both theoretical and application-oriented contributions, with a focus on the use of computational techniques in finance and economics. Examined topics span on issues at the center of the literature debate, with an eye not only on technical and theoretical aspects but also very practical cases.
Why would a man risk his life for a mother who abandoned him as an infant? Yet when Doug Sutherland is passed a scrawled note by a mortally-wounded Mexican, hes forced to overcome his resentment and related phobias to rescue her, recover a priceless pre-Hispanic artifact, and battle a ruthless smuggler to save himself. For Sutherland, a young Chicago entrepreneur, the dying mans note is meaningless and the warning that his Mexican mother is in danger presents a quandary. Even if true, why should he care? She deserted him thirty years earlier under suspicious circumstances. Besides, his life is already complicated by his love life, deadlines for his real estate project, and debilitating nightmares. In his dreams, hes stalked by a burning man, trapped in a small space, and thrown into an icy water grave, images he associates with his phobias, his mother, and her disappearance from his life. He tries to convince himself that the message was meant for someone else. But then his apartment is invaded, he receives threatening calls from a Mexican smuggler, the police accuse him of drug dealing, and a DEA agent harasses him. Sucked into a maelstrom, he must fight or become another victim.
‘One of the very best writers working today’ - Benjamin Myers, author of The Offing and The Gallows Pole 'Thrilling and raw, this is sport writing at its best' - Dina Nayeri, author of The Ungrateful Refugee Donald McRae has been immersed in boxing for fifty years. He has followed fighters around the world and won multiple awards for his writing. But, in recent years, McRae’s love has waned, as criminality and corruption consume the soul of boxing. In 2018, grieving the death of his sister and with his parents terminally ill, he sought refuge in boxing again – just as Tyson Fury completed an incredible comeback, proving that the ring can still offer exhilaration and redemption. From ...
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This book is devoted to the mathematical methods of metamodeling that can be used to speed up the valuation of large portfolios of variable annuities. It is suitable for advanced undergraduate students, graduate students, and practitioners. It is the goal of this book to describe the computational problems and present the metamodeling approaches in a way that can be accessible to advanced undergraduate students and practitioners. To that end, the book will not only describe the theory of these mathematical approaches, but also present the implementations.
This book offers unique insight on structural safety and reliability by combining computational methods that address multiphysics problems, involving multiple equations describing different physical phenomena and multiscale problems, involving discrete sub-problems that together describe important aspects of a system at multiple scales. The book examines a range of engineering domains and problems using dynamic analysis, nonlinear methods, error estimation, finite element analysis and other computational techniques. This book also: · Introduces novel numerical methods · Illustrates new practical applications · Examines recent engineering applications · Presents up-to-date theoretical results · Offers perspective relevant to a wide audience, including teaching faculty/graduate students, researchers and practicing engineers.
This book teaches multiple regression and time series and how to use these to analyze real data in risk management and finance.
This Festschrift in honour of Paul Deheuvels’ 65th birthday compiles recent research results in the area between mathematical statistics and probability theory with a special emphasis on limit theorems. The book brings together contributions from invited international experts to provide an up-to-date survey of the field. Written in textbook style, this collection of original material addresses researchers, PhD and advanced Master students with a solid grasp of mathematical statistics and probability theory.
Valuable insights on the major methods used in today's asset and risk management arena Risk management has moved to the forefront of asset management since the credit crisis. However, most coverage of this subject is overly complicated, misunderstood, and extremely hard to apply. That's why Steven Greiner—a financial professional with over twenty years of quantitative and modeling experience—has written Investment Risk and Uncertainty. With this book, he skillfully reduces the complexity of risk management methodologies applied across many asset classes through practical examples of when to use what. Along the way, Greiner explores how particular methods can lower risk and mitigate losse...