Complexity science and its primary tool, agent-based simulation modeling, are potent new ways to understand and help manage health systems. Alan Mills will introduce you to his recent research about simulating health system behavior, and show you how to use agent-based simulation models, together with results from behavioral economics, to address complex health system problems.

This report explores estimation of employee stock options exercise behavior and option cost to firms.

An introduction to the field of Complexity Science. The report includes an overview of the field’s key results, detailed instructions for building Complexity Science models, examples of working models, review of practical models applicable to the work of actuaries, a literature review, and a discussion on how actuaries can apply Complexity Science in their work.

This document provides answers to the exercises in the report titled Complexity Science – an introduction and invitation for actuaries:.

This session will cover some of the basic concepts of game theory, including dominated strategies and Nash equilibrium. The emphasis will be more practical than theoretical. Once the attendees have a foundation, the discussion will move to applications. Several examples will be presented that will illustrate how to apply the concepts covered earlier to situations that arise in health insurance.

This is a research project discussing on the needs and opportunities of the older age market to be used in the development and distribution of products that will protect future retirees from financial risk.

This is a presentation from the 2010 ERM Symposium 4/12-4/15/2010 Concurrent Sessions DM–Decision Making. This session will examine ERM from the perspective of how a company's strategic decisions are made and how these may drive the ERM process. In particular, it will discuss how different stakeholders and their various incentives influence strategic decision making. Parameters involved include growth targets, profitability targets, capital levels, risk tolerance and planning horizon. Stakeholders include chief executive officers, financial officers, employees, the board of directors, shareholders/owners, Wall Street analysts, credit rating agencies, regulators, agents and policyholders.

This article provides a view on financial market dynamics and how this view can be applied to the Japanese public equity markets today.

A review of the book "The (Honest) Truth About Dishonesty" by Dan Ariely. The book is about lying, cheating, stealing, and shaving the truth -- something done by everybody, but the factors influencing this can be a bit surprising.

Introduces the new behavioral finance subgroup and talks about why such a subgroup is needed.