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: This note is labeled actuarial because it deals extensively with the force of interest, a concept which is characteristically of concern to the actuarial community. The authors’ personal point of view is that we should modify the basic definition of the compound interest.

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

Description: Models are useful in illustrating various facets of complex phenomena, but they are inherently limited.