Risk Analysis in Finance and Insurance

Seeing risk management in finance and insurance as a quantitative science based on stochastic analysis, Melnikov (mathematics and statistical science, U. of Alberta, Canada) presents a methodology for estimating future repayments or contingent claims and applying to such notions as the price of a financial contract or the reserve of an insurance company. His text comprises the contents of lecture courses on financial mathematics, risk management, and actuarial mathematics given Moscow State...