Probability for Risk Management
| Author | : | |
| Rating | : | 4.80 (602 Votes) |
| Asin | : | 156698548X |
| Format Type | : | paperback |
| Number of Pages | : | 548 Pages |
| Publish Date | : | 0000-00-00 |
| Language | : | English |
DESCRIPTION:
"Exactly what I was looking for" according to Justinwr. This book is exactly what I was looking for. I'm studying for the P exam, and this book helped me out with the basic concepts involved. I do not think that it is a standalone guide to get me through the exam, but combined with my other method (the infinite actuary), I feel very prepared. I will update this review after I sit for the exam.This book spoon-feeds you the basics, which is exactly wh. Perfect for the P/1 I'll try to re-review after I've taken my P/1, but I'm using the book to teach myself the material for the exam (though I have a decent background in stats and probability). I'm really enjoying the textbook so far (which is weird to say about a textbook), and it's relatively painless to understand the material. I didn't realize it when I purchased it, but the answers for problem sets are in the. Also there are some special distributions like Poisson, Binomial I prefer to study this book because contains subject on probability, since discrete random variables, distribution for discrete and continuous cases.the book contains many examples and a set of excercises with answers at the back of the book.Also there are some special distributions like Poisson, Binomial, Gamma, Normal and Exponential in it.This book is a strong support for studing probability
This unique text differs from most intermediate probability texts in that it focuses the theory directly on applications in the general field of financial risk management, including insurance, economics and finance. It will provide an interesting and appropriate preparation for mathematically gifted students in finance and economics. This book will serve as an excellent background text for the more advanced probability material included on the Exams MLC and C of the SOA, Exams 3L and 4 of the CAS and the EA-1 Exam of the Joint Board for the Enrollment of Actuaries. This text is listed on the Course of Reading for the Exam P of the Society of Actuaries and the Exam 1 of the Casualty Actuarial Society. Rather, it shows the student how to use probability theory to solve real-world problems.. It will be appropriate for a first course