Mar 28, 2024  
2022-2023 Undergraduate & Graduate Catalog 
    
2022-2023 Undergraduate & Graduate Catalog [ARCHIVED CATALOG]

MATH 415 - Actuarial and Financial Methods


4 Hour(s) Credit
Introduction to models of survival, individual life insurance and life annuities emphasizing the traditional actuarial functions of determining premiums and reserves from a stochastic point of view. Topics include multiple life theory, models with expenses, stochastic process, and the use of binomial models, geometric Brownian motion and simulation in the study of option pricing.
Four hours per week.
Prerequisites C or better in MATH 215 , MATH 413 .