Risk Analysis in Finance and Insurance

Actuarial and financial risks are inherently intertwined, and this book seeks to provide a comprehensive introduction to their approach through quantitative analysis. This new edition includes an expansion of the use of stochastic and probability analysis, along with more coverage of risk-adjusted performance measures and equity-lined insurance. The preface states that it can be used as a textbook at both the undergraduate and graduate levels, as it has been at the University of Alberta, where Melnikov teaches mathematical finance. Annotation 穢2011 Book News, Inc., Portland, OR (booknews.com)