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 DEPARTMENT OF MATHEMATICS
 AND STATISTICS
1999 - 2000 MINICALENDAR
 Faculty of Arts
 Faculty of Pure and Applied Science

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AS/SC/ MATH 4280 3.0 F

Risk Theory

      A study of the stochastic aspects of risk with emphasis on insurance applications. Topics include an introduction to utility theory, individual and collective risk theory, compound Poisson processes, ruin theory, non-proportional reinsurance.
      This course is intended mainly for students contemplating a career in the actuarial profession. It will cover a portion of the material on the new Exam 3 in Actuarial Models, including the topics of Frequency and Severity Models, Compound Distribution Models, and Ruin Models.
      The text will probably be N.L. Bowers et al., Actuarial Mathematics (Society of Actuaries).
      The final grade is likely to be based on assignments (20%), two tests (20% each), and a final exam (40%).

Prerequisite:AS/SC/AK/MATH 2030 3.0; AS/SC/MATH 3280 6.0 is recommended but not required.

Coordinator: D. Salopek

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York University
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Toronto, Ontario, Canada M3J 1P3
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