ACTEX Publications
Models for quantifying risk, 4th ed.
Actuaries Cunningham (the original author), Richard L. London (retired U. of Connecticut) and Thomas N. Herzog (retired US Department of Housing and Urban Development) update their textbook addressing the major types of financial risk that are analyzed by actuaries, and presenting a variety of stochastic models to use in such analysis. It is designed for a two-semester course in basic actuarial science for junior or senior undergraduates or beginning graduate students. It can also be used as a study guide for Exam MLC of the Society of Actuaries or Exam 3L of the Casualty Actuarial Society. Readers are assumed to have a strong background in calculus, linear algebra, the theory of compound interest, and probability, but not necessarily statistics. The only dates cited for earlier editions are 2006 and 2008. (Annotation ©2011 Book News Inc. Portland, OR)
