Description: This paper discusses a problem in corporate finance, the problem of selecting from among a group of possible economic projects. This problem most certainly involves future contingent events and is a natural for consideration by actuaries interested in expanding into non-traditional practice areas.

Description: Discussion of significant anomalies in option pricing due to the independent identically distributed assumption of the Black Scholes formula.

Description: This is an in-depth look at the root causes of the subprime mortgage crisis and ways actuaries can eliminate the problems. From the Actuary Magazine, April/May 2010 – Volume 7 Issue 2.

Description: Using basic actuarial principles to develop a reasonable spending budget and to keep spending/savings on track to meet financial objectives.

Description: An economics professor and a health care consumer advocate weigh in on the Patient Protection and Affordable Care Act, including implementation issues, directions for the future and what role actuaries shoudl take.

Description: In the context of insurance economics, the PH-transform is justified through some basic postulates on market premiums. In this paper the PH-transform is applied to the present value random variable in life insurance and annuities. It provides an alternative to the commonly used equivalence principle in life insurance and annuities premium calculation. This research project is sponsored by a joint AERF/CKER Grant of the Society of Actuaries.

Description: This session discussion is about two proposals for health-care reform will be presented, one from the Blue Cross/Blue Shield Association and one from the Council for Affordable Health Care. These dramatically different proposals will be compared and open for critique. From Record of Society of Actuaries Vol. 18, No. 4A.

Description: Overview on current trends in medical practice impacting the LTC insurance business with a focus on dementia, risk stratification, and predictive modeling.

Description: Summarizes the articles in the newsletter.

Description: Presented at November 1952 Annual Meeting. Discusses some societal issues affecting the insurance business: war hazard, inflation, and taxation. Also discusses efforts to explain the profession and the prior year's activities within the profession.