(Ebook) Actuarial Mathematics, (edition 2) by Newton L. Bowers, Hans U. Gerber, James C. Hickman, Donald A. Jones, Cecil J. Nesbitt ISBN 9780938959465, 0938959468

(Ebook) Actuarial Mathematics, (edition 2) by Newton L. Bowers, Hans U. Gerber, James C. Hickman, Donald A. Jones, Cecil J. Nesbitt ISBN 9780938959465, 0938959468

The first edition of Actuarial Mathematics, published in 1986, has served the profession well by presenting the modern mathematical foundations underlying actuarial science and developing powerful tools for the actuary of the future. The text not only introduced a stochastic approach to complement the deterministic approach of earlier texts but also integrated contingency theory with risk theory and population theory. As a result, actuaries now have the methods and skills to quantify the variance of random events as well as the expected value. Since the publication of the first edition, the technology available to actuaries has changed rapidly and the practice has advanced. To reflect these changes, three of the original five authors agreed to update and revise the text.The Education and Examination Committee of the Society has directed the project. Richard s. Mattison helped to define the specifications and establish the needed funding. Robert C. Campbell, Warren Luckner, Robert A. Conover, and Sandra L. Rosen have all made major contributions to the project.Richard Lambert organized the peer review process for the text. He was ably assisted by Bonnie Averback, Jeffrey Beckley, Keith Chun, Janis Cole, Nancy Davis, Roy Goldman, Jeff Groves, Curtis Huntington, Andre L’Esperance, Graham Lord, Esther Portnoy, David Promislow, Elias Shiu, McKenzie Smith, and Judy Strachan.The Education and Examination Committee, the Peer Review Team, and all others involved in the revision of this text are most appreciative of the efforts of Professors Bowers, Hickman and Jones toward the education of actuaries.