Description: This is the abstract of a paper that deals with a recent modification of the Monte Carlo method known as quasi random Monte Carlo. Under this approach, one uses specially selected deterministic sequences rather than random sequences as in Monte Carlo. These special sequences are known as low discrepancy sequences and have the property that they tend to be evenly dispersed throughout the unit cube. For many applications in finance, the use of low discrepancy sequences seems to provide more accurate answer than random sequences.

Description: Several authors have used Fourier inversion to compute prices of puts and calls, some using Parseval’s theorem. The expected value of max[S K,0] also arises in excess-of-loss of stop-loss insurance. This is the abstract of a paper that shows that Fourier methods may be used to compute them. The authors take the idea of using Parseval’s theorem further: 1. formulas requiring weaker assumptions, 2. relationship with classical inversion theorems for probability distributions, 3. formulas for pay-offs which occur in insurance. Numerical examples are provided.

Description: This is the abstract for a paper of Immunization Measures for Life Contingencies.

Description: Mortality rates for a local community are desired in conjunction with the calculation of health-adjusted life expectancy HALE, an indicator of population health.

Description: This abstract describes a paper that discusses insurance claim forecasting using econometric stepwise regression to analyze historical data.

Description: This abstract describes a presentation that introduces new methods such as Experimental Mathematics, Genetic Algorithms, Predictive Modeling, Deterministic Chaos, Fractal Geometry, Behavioral Economics, Cellular Automata and other topics in Complexity Sciences.

Description: This abstract describes a paper that studies the relation between the two basic random events associated with human mortality: birth and death.

Description: This paper presents a procedure that can be used to find an efficient frontier for the variability in the contribution rates for pension plans. From the Actuarial Research Clearing House, January 1996, VOL. 1.