Description: This paper presents a generalization of the principal current methods of financial decision making. In the way physical sciences benefit from new general theories that encompass those theories they succeed, the science of finance can benefit from the development of a general framework that encompasses many of the current methods of financial analysis. The paper develops a general framework for financial decision-making from a few simple axioms of rational economic behavior.

Description: Excellent big picture view for planning a social insurance system with pay-as-you-go, required self-funded, and voluntary plans.

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

Description: This article discusses the idea of controlling health care costs through wellness. The author states that it has already been clearly demonstrated that actuaries practicing wellness produce more accurate valuations and earnings forecasts, are more skillful in product pricing and design, and are more popular with government examiners, accountants and even agents.

Description: Panel discussion on current issues, trends, and methodology in individual disability income insurance, including overinsurance, pricing, financial reporting, as well as efforts by professional associations to address these issues.