zmVault/actuarial-science.md

title, tags

title	tags
Actuarial Science	topic/risk type/encyclopedia

Actuarial Science

actuarial science

Divorced from its traditional context of insurance, actuarial science is determining the optimal price of a service given uncertainty cost.

Terms

• discounted cash flow

• valuation

• time value of money

• time preference

• present value

• Value at risk (VaR)

Resources

loss-models

https://www.wiley.com/en-us/Wiley+Series+in+Probability+and+Statistics-c-1345

https://www.wiley.com/en-us/Structural+Equation+Modeling%3A+Applications+Using+Mplus%2C+2nd+Edition-p-00045072

https://www.wiley.com/en-us/Game-Theoretic+Foundations+for+Probability+and+Finance+-p-00027121

https://www.wiley.com/en-us/Loss+Models%3A+From+Data+to+Decisions%2C+5th+Edition-p-00014549