Description: The Long and Short (Runs) of Investing in Equities by Peter Yoo from Risks and Rewards Newsletter, March 1999, Issue No. 32.

Description: This paper discusses the martingale approach for pricing American-type options without an expiry date. These options include the perpetual American put option and the perpetual maximum option in one stock case. The word “perpetual” means that the option has no expiry date. A main tool in this approach is the principle of smooth pasting.

Description: This is a panel discussion about savings and the economy. From Transactions of Society of Actuaries 1967, Vol. 19 Pt. 2, No. 55.

Description: Acquisitions and divestitures present unique challenges to actuaries, both before and after the sale. The panelists at this presentation address the following issues for pension as well as for health and welfare plans: 1. What considerations are there when a company is being bought or sold? 2. Can the buyer and the seller ever agree upon the retiree medical liability? 3. Is the buyer interested in the income statement or the balance sheet? 4. What are some of the hidden liabilities? 5. What regulatory issues need to be considered? From Record of Society of Actuaries Vol. 17, No. 3B.

Description: Presented at October 1996 Annual Meeting. This session discusses recent regulatory and economic developments in Mexico, including but not limited to the devaluation of the peso, an update on NAFTA, the changing market conditions, and an update in privatization of the social security scheme.

Description: Article from The Actuary, November 1971 – volume 5 - Issue 9 is an update on the current efforts of the ALC-LIAA Joint Actuarial Committee to bring about certain changes in the Standard Valuation Law and the Standard Non-forfeiture Law. These efforts may have an important influence on operations of life insurance companies in the United States.

Description: Article from The Actuary, January 1972 – volume 6 - Issue 1 discusses Keynes impact on inflation.

Description: Consensus of viewpoints from a group discussion on economic forecasting at the March meeting of the Canadian Institute of Actuaries.

Description: This brief article presents historical stock exchange aggregate returns, comparing results in the United States and United Kingdom.

Description: Feature article summarizing a talk given by Andrew Lo at the SOA 2009 Annual Meeting on the credit crisis and why risk management failed to stop the excessive risk taking.