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Fundamentals of Actuarial Mathematics 1st edition
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- Published on: 1600
- Binding: Hardcover
Most helpful customer reviews
16 of 16 people found the following review helpful.
Adequate, but full of errors
By kingpin
I must first admit this is a topic that I only have a mild interest in. The strengths of the book are that there are many worked examples, as well as proofs. There are also answers to most of the problems. The bad news is many of the answers are wrong. Newer printings have corrected many mistakes but a fair number remain. Before using this book download a .pdf file of the errata. You can find this by searching the key words Promislow & errata. The errata lists over 300 errors and is still not complete.
0 of 8 people found the following review helpful.
Excelent Handbook
By Juan F. Subirana
This is an excelent handbook for any who seek an introduction of the Actuarial Math's.
10 of 11 people found the following review helpful.
Good introduction to the topic
By Christian Scholz
Before buying this book I had never had any exposure to actuarial mathematics. I was looking for a good introduction that would fit my mathematical skills (PhD Economist feeling comfortable with applied mathematics but lacking the training in mathematical to do proofs or anything similar). Promislow's book fully met my expectations and increased my interest for the subject. In fact I have purchased more books since.
It is true that the title is a little misleading as the book's primary topic is life insurance. However, there are three or four chapter dealing with risk theory providing a good introduction. What I found best in this book are the numerous exercises with answers in the back of the book. This allowed me to test my understanding of the subject and also what is important in each chapter. In some chapters it is not straightforward to see where the author is heading, however, the exercises compensated very well for this.
All in all I can warmly recommend this book to anyone who has a good background in mathematical economics at the level of Varian (Microeconomic Analysis) and who wants to get a good introduction into the topic.
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