Stochastic Control in Insurance
Yet again, here is a Springer volume that offers readers something completely new. Until now, solved examples of the application of stochastic control to actuarial problems could only be found in journals. Not any more: this is the first book to systematically present these methods in one volume. The author starts with a short introduction to stochastic control techniques, then applies the principles to several problems. These examples show how verification theorems and existence theorems may be proved, and that the non-diffusion case is simpler than the diffusion case. Schmidli’s brilliant text also includes a number of appendices, a vital resource for those in both academic and professional settings.
Author | Hanspeter Schmidli |
Publisher | Springer Science & Business Media |
Release Date | 2007-11-20 |
ISBN | 1848000030 |
Pages | 258 pages |
Rating | 4/5 (32 users) |