Statistics and Data Science Seminar
Liang Hong
Bradley University
Contingent means in multi-life models
Abstract: Contingent Means are ubiquitous in modern finance and actuarial science. However,
Standard textbooks on actuarial science or statistics do not elaborate on the correct
interpretation of contingent means, leaving the actuaries at risk of making a blunder.
In this talk, we will give the correct interpretation of contingent means both
heuristically and theoretically so that one will be aware of some common
misconceptions and avoid pitfalls in their work. We will also discuss the applications
of contingent means in insurance and quantitative finance.
Wednesday April 18, 2012 at 4:00 PM in SEO 636