Feature Articles

• Predictive Modeling of Costs for a Chronic Disease with Acute High–Cost Episodes
• Marjorie A. Rosenberg, Philip M. Farrell
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• The Pricing of Credit Default Swaps under a Markov–Modulated Merton's Structural Model
• Tak Kuen Siu, Christina Erlwein, Rogemar S. Mamon
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• Multiperiod Optimal Investment Consumption Strategies with Mortality Risk and Environment Uncertainty
• Zhongfei Li, Ken Seng Tan, Hailiang Yang
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• Pricing a Heterogeneous Portfolio Based on a Demand Function
• Yaniv Zaks, Esther Frostig, Benny Levikson
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• Recursive Calculation of the Dividend Moments in a Multi–Threshold Risk Model
• Andrei Badescu, David Landriault

Departments

• Discussion of Papers Already Published
• "Asset Allocation with Hedge Funds on the Menu"
• Hans U. Gerber, Elias S. W. Shiu
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• "Markov Aging Process and Phase–Type Law of Mortality"
• Johnny S. H. Li, Andrew C. Y. Ng
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• "Trajectories of Morbidity, Disability, and Mortality among the U.S. Elderly Population: Evidence from the 1984–1999 NLTCS"
• Michael J. Cowell