Description: This paper presents a unifying non-Bayesian statistical method for incorporating prior information into the determination of probability distributions and other finite measures and develops the statistical properties of this method together with actuarial applications. A discussion of the paper follows. From Transactions of Society of Actuaries 1991, Vol. 43.

Description: This paper proposes to put the environment into financial markets. It explains how to do it, and why the financial approach is practically the only one able to stop and invert environmental degradation. The author concentrates on deforestation which is the largest environmental problem in the third world, and explains how to start the project and what kind of optimization problems should be solved for applications of the project.