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General
Actuarial Career Planner 1998 Society of
Actuaries. $39, Student $29.
The Actuary Career Planner is provided by the SOA as a learning tool for
continuing education.
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Actuarial Mathematics. By N.L. Bowers,
Jr. et al. 1997. Second Edition $95. Society of Actuaries. Appendices. Index.
753P.
This book goes to the heart of assessing the vulnerability in the pricing
structures of all lines of insurance, employee benefits and other forms of
contingent payments. This second edition is a step in an ongoing process of
adapting the fundamentals of actuarial science to be current with changing
realities. Among the book's key features is the probabilistic approach taken
and the entry of risk into decision theory. Another key feature is the
integration of life contingency concepts with risk theory. These and other
expanded theoretical foundations carry actuarial practice to the forefront of
defining "security" in the financial security industry. The text is critical for
the preparation for the preliminary exams.
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An Investigation into Possible Applications of
Fuzzy Set Methods in Actuarial Science. By Krzysztof Ostaszewski. 1993.
$20.
The basic job of an actuary is to make conservative estimates of various risks in
order to provide the public with a sound insurance system. What is proposed in
this work is implementation of "nonprecise," fuzzy reasoning methods in actuarial
science. Fuzzy sets are not really as "fuzzy" and "imprecise" as they are
presented to be. Fuzzy models may provide yet another alternative in creating
mathematical models of phenomena, which cannot be adequately described solely as
stochastic. 85P.
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