Description: Financial economics is the discipline underlying all financial services. No matter what your area of specialty or your role in your organization, an understanding of financial economics is essential. As you will learn in this module, financial economics is the study of how individuals and institutions acquire, save, and invest money. These activities are fundamental to institutions and individuals. Thus, not only will this module help you be a more knowledgeable actuary, it will also help you with your personal financial planning.

Description: This SOA e-course shows you how to use financial modeling to assess or mitigate risk. It covers derivatives pricing, range of outcomes and more.

Description: Reports the results of one application of a Future Research technique-in this case, forecasting future economic variables.

Description: Risk management techniques do not include system science. System science requires that the uncertainty of the world is incorporated into the results. The articles explains the difference between risk and uncertainty. Learn how risk practices create an overoptimistic view of future outcomes.

Description: Risk management techniques do not include system science. System science requires that the uncertainty of the world is incorporated into the results. The articles explains the difference between risk and uncertainty. Learn how risk practices create an overoptimistic view of future outcomes.

Description: This is the second part of a 2 part series on Real options analysis (ROA). This article looks into the limitations of using financial option theory when doing real options analysis with projects that are long-dated and uncertain, such as: 1. First-degree homogeneity, 2. Uncertainty must derive from Brownian motion, and 3. Risk neutrality.