Statistical Tools for Finance and Insurance, Second Edition by: Pavel Cizek, Wolfgang Karl !

rdle, "afal Weron #nd Edition$ edition %&'ril #(, #)**+ , IS-.: /01#*2)0*# , 3/2 'ages , File ty'e: P4F , 3 5b Statistical Tools for Finance and Insurance 'resents ready6to6use solutions, t7eoretical develo'5ents and 5et7od construction for 5any 'ractical 'roble5s in 8uantitative finance and insurance$ Written by 'ractitioners and leading acade5ics in t7e field, t7is book offers a uni8ue co5bination of to'ics fro5 97ic7 every 5arket analyst and risk 5anager 9ill benefit$ Features of t7e significantly enlarged and revised second edition: : ;ffers insig7t into ne9 5et7ods and t7e a''licability of t7e stoc7astic tec7nology : Provides t7e tools, instru5ents and %online+ algorit75s for recent tec7ni8ues in 8uantitative finance and 5odern treat5ents in insurance calculations : Covers to'ics suc7 as 6 e<'ected s7ortfall for 7eavy tailed and 5i<ture distributions: 6 'ricing of variance s9a's: 6 volatility s5ile calibration in F= 5arkets 6 'ricing of catastro'7e bonds and te5'erature derivatives: 6 building loss 5odels and ruin 'robability a''ro<i5ation 6 insurance 'ricing 9it7 >?@: 6 e8uity linked retire5ent 'lans:%ne9 to'ics in t7e second edition 5arked 9it7:+ : Presents e<tensive e<a5'les