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Risk Measures and Insurance Solvency Benchmarks: Fixed-Probability Levels in Renewal Risk Models (Chapman and Hall/CRC Financial Mathematics Series)
by Vsevolod K. MalinovskiiRisk Measures and Insurance Solvency Benchmarks: Fixed-Probability Levels in Renewal Risk Models is written for academics and practitioners who are concerned about potential weaknesses of the Solvency II regulatory system. It is also intended for readers who are interested in pure and applied probability, have a taste for classical and asymptotic analysis, and are motivated to delve into rather intensive calculations. The formal prerequisite for this book is a good background in analysis. The desired prerequisite is some degree of probability training, but someone with knowledge of the classical real-variable theory, including asymptotic methods, will also find this book interesting. For those who find the proofs too complicated, it may be reassuring that most results in this book are formulated in rather elementary terms. This book can also be used as reading material for basic courses in risk measures, insurance mathematics, and applied probability. The material of this book was partly used by the author for his courses in several universities in Moscow, Copenhagen University, and in the University of Montreal. Features Requires only minimal mathematical prerequisites in analysis and probability Suitable for researchers and postgraduate students in related fields Could be used as a supplement to courses in risk measures, insurance mathematics and applied probability.
Risk Modeling for Determining Value and Decision Making
by Glenn KollerRisk or uncertainty assessments are used as aids to decision making in nearly every aspect of business, education, and government. As a follow-up to the author's bestselling Risk Assessment and Decision Making in Business and Industry: A Practical Guide, Risk Modeling for Determining Value and Decision Making presents comprehensive examples of risk
Risk Monetization: Converting Threats and Opportunities into Impact on Project Value
by Glenn R. KollerRisk Monetization: Converting Threats and Opportunities into Impact on Project Value addresses the organizational, political, cultural, and technical issues related to implementing a successful risk assessment, management, and monetization process. Suitable for readers in any organization or area of expertise, the book assumes no prior background i
Risk Parity Fundamentals
by Edward E. QianWritten by an experienced researcher and portfolio manager who coined the term "risk parity," this book provides readers with a practical understanding of the risk parity investment approach. It uses fundamental, quantitative, and historical analysis to address the merit of risk parity as well as the practical and underlying aspects of risk parity investing. Requiring no advanced degrees in quantitative fields, the book analyzes risk parity performance from historical periods and more recent market environments.
Risk-Return Relationship and Portfolio Management (India Studies in Business and Economics)
by Raj S. DhankarThis book covers all aspects of modern finance relating to portfolio theory and risk–return relationship, offering a comprehensive guide to the importance, measurement and application of the risk–return hypothesis in portfolio management. It is divided into five parts: Part I discusses the valuation of capital assets and presents various techniques and models used in this context. Part II then addresses market efficiency and capital market models, particularly focusing on measuring market efficiency, which is a crucial factor in making correct investment decisions. It also analyzes the major capital market models like CAPM and APT to determine to what extent they are suitable for use in developing economies. Part III highlights the significance of risk–return analysis as a prerequisite for investment decisions, while Part IV examines the selection and performance appraisals of portfolios against the backdrop of the risk–return relationship. It also examines new tools such as the value-at-risk application for mutual funds and the applications of the price-to-earnings ratio in portfolio performance measurement. Lastly, Part V explores contemporary issues in finance, including the relevance of Islamic finance in the increasingly volatile global financial system.
Risk Savvy
by Gerd GigerenzerAn eye-opening look at the ways we misjudge risk every day and a guide to making better decisions with our money, health, and personal livesIn the age of Big Data we often believe that our predictions about the future are better than ever before. But as risk expert Gerd Gigerenzer shows, the surprising truth is that in the real world, we often get better results by using simple rules and considering less information.In Risk Savvy, Gigerenzer reveals that most of us, including doctors, lawyers, financial advisers, and elected officials, misunderstand statistics much more often than we think, leaving us not only misinformed, but vulnerable to exploitation. Yet there is hope. Anyone can learn to make better decisions for their health, finances, family, and business without needing to consult an expert or a super computer, and Gigerenzer shows us how.Risk Savvy is an insightful and easy-to-understand remedy to our collective information overload and an essential guide to making smart, confident decisions in the face of uncertainty.
Risk Savvy
by Gerd GigerenzerAn eye-opening look at the ways we misjudge risk every day and a guide to making better decisions with our money, health, and personal lives In the age of Big Data we often believe that our predictions about the future are better than ever before. But as risk expert Gerd Gigerenzer shows, the surprising truth is that in the real world, we often get better results by using simple rules and considering less information. In Risk Savvy, Gigerenzer reveals that most of us, including doctors, lawyers, financial advisers, and elected officials, misunderstand statistics much more often than we think, leaving us not only misinformed, but vulnerable to exploitation. Yet there is hope. Anyone can learn to make better decisions for their health, finances, family, and business without needing to consult an expert or a super computer, and Gigerenzer shows us how. Risk Savvy is an insightful and easy-to-understand remedy to our collective information overload and an essential guide to making smart, confident decisions in the face of uncertainty.
Risk Theory: Rational Decision in the Face of Chance, Uncertainty, and Risk (SpringerBriefs in Philosophy)
by Nicholas RescherApart from its foray into technical issues of risk assessment and management, this book has one principal aim. With situations of chancy outcomes certain key factors—including outcome possibilities, overall expectation, threat, and even luck—are measurable parameters. But risk is something different: it is not measurable a single parametric quantity, but a many-sided factor that has several different components, and constitutes a complex phenomenon that must be assessed judgmentally in a highly contextualized way. This book explains and analyzes how this works out in practice.Topics in this work include choice and risk, chance and likelihood, as well as outcome-yield evaluation and risk. It takes into account abnormal situations and eccentric measurements, situational evaluation and expectation and scrutinizes the social aspect of risk. The book is of interest to logicians, philosophers of mathematics, and researchers of risk assessment. The project is a companion piece to the author's LUCK THEORY, also published by Springer.
Risk Theory (Springer Actuarial)
by Hanspeter SchmidliThis book provides an overview of classical actuarial techniques, including material that is not readily accessible elsewhere such as the Ammeter risk model and the Markov-modulated risk model. Other topics covered include utility theory, credibility theory, claims reserving and ruin theory. The author treats both theoretical and practical aspects and also discusses links to Solvency II. Written by one of the leading experts in the field, these lecture notes serve as a valuable introduction to some of the most frequently used methods in non-life insurance. They will be of particular interest to graduate students, researchers and practitioners in insurance, finance and risk management.
A Risky Business: An Actuary’s Guide to Quantifying and Managing Risk in Society
by Catrin TownsendIntangible, invisible and worth trillions, risk is everywhere. Its quantification and management are key to the success and failure of individuals, businesses and governments. Whether you’re an interested observer or pursuing a career in risk, this book delves into the complex and multi-faceted work that actuaries undertake to quantify, manage and commodify risk—supporting our society and servicing a range of multi-billion-dollar industries. Starting at the most basic level, this book introduces key concepts in actuarial science, insurance and pensions. Through case studies, explanations and mathematical examples, it fosters an understanding of current industry practice. This book celebrates the long history of actuarial science and poses the problems facing actuaries in the future, exploring complex global risks including climate change, aging populations, healthcare models and pandemic epidemiology from an actuarial perspective. It gives practical advice for new and potential actuaries on how to identify an area of work to go into, how best to navigate (and pass!) actuarial exams and how to develop your skills post-qualification. A Risky Business illuminates how actuaries are central to society as we know it, revealing what they do and how they do it. It is the essential primer on actuarial science.
RNA-seq Data Analysis: A Practical Approach (Chapman & Hall/CRC Computational Biology Series)
by Eija Korpelainen Jarno Tuimala Panu Somervuo Mikael Huss Garry WongThe State of the Art in Transcriptome AnalysisRNA sequencing (RNA-seq) data offers unprecedented information about the transcriptome, but harnessing this information with bioinformatics tools is typically a bottleneck. RNA-seq Data Analysis: A Practical Approach enables researchers to examine differential expression at gene, exon, and transcript le
RNA Bioinformatics
by Ernesto PicardiThis volume provides an overview of RNA bioinformatics methodologies, including basic strategies to predict secondary and tertiary structures, and novel algorithms based on massive RNA sequencing. Interest in RNA bioinformatics has rapidly increased thanks to the recent high-throughput sequencing technologies allowing scientists to investigate complete transcriptomes at single nucleotide resolution. Adopting advanced computational technics, scientists are now able to conduct more in-depth studies and present them to you in this book. Written in the highly successful Methods of Molecular Biology series format, chapters include introductions to their respective topics, lists of the necessary materials and equipment, step-by-step, readily reproducible bioinformatics protocols, and key tips to avoid known pitfalls. Authoritative and practical, RNA Bioinformatics seeks to aid scientists in the further study of bioinformatics and computational biology of RNA.
RNA Sequence, Structure, and Function: Computational and Bioinformatic Methods
by Jan Gorodkin Walter L. RuzzoThe existence of genes for RNA molecules not coding for proteins (ncRNAs) has been recognized since the 1950's, but until recently, aside from the critically important ribosomal and transfer RNA genes, most focus has been on protein coding genes. However, a long series of striking discoveries, from RNA's ability to carry out catalytic function, to discovery of riboswitches, microRNAs and other ribo-regulators performing critical tasks in essentially all living organisms, has created a burgeoning interest in this primordial component of the biosphere. However, the structural characteristics and evolutionary constraints on RNA molecules are very different from those of proteins, necessitating development of a completely new suite of informatic tools to address these challenges. In RNA Sequence, Structure, Function: Computational and Bioinformatic Methods, expert researchers in the field describe a substantial and relevant fraction of these methodologies from both practical and computational/algorithmic perspectives. Focusing on both of these directions addresses both the biologist interested in knowing more about RNA bioinformatics as well as the bioinformaticist interested in more detailed aspects of the algorithms. Written in the highly successful Methods in Molecular Biology series format, the chapters include the kind of detailed description and implementation advice that is crucial for getting optimal results. Thorough and intuitive, RNA Sequence, Structure, Function: Computational and Bioinformatic Methods aids scientists in continuing to study key methods and principles of RNA bioinformatics.
The Road to Einstein's Relativity: Following in the Footsteps of the Giants
by David LythCHOICE Highly Recommended Title, August 2019 <P><P>Expertly guided by renowned cosmologist Dr. David Lyth, learn about the pioneering scientists whose work provided the foundation for Einstein’s formulation of his theories of relativity, and about Einstein's groundbreaking life and work as well. <P><P>This highly readable and accessible panorama of the field delicately balances history and science as it takes the reader on an adventure through the centuries. Without complex mathematics or scientific formulae, this book will be of interest to all, even those without a scientific background, who are intrigued to find out more about what paved the way for one of our most famous physicists to push the boundaries of physics to new lengths. <P><P>Features: <li>Written by an internationally renowned physicist and cosmologist <li>Describes the life and times of Einstein and his important predecessors <li>Focuses on one of the most famous areas of science, Einstein’s Relativity Theory
The Road to Reality: A Complete Guide to the Laws of the Universe
by Roger PenroseFrom one of our greatest living scientists, a magnificent book that provides, for the serious lay reader, the most comprehensive and sophisticated account we have yet had of the physical universe and the essentials of its underlying mathematical theory.Since the earliest efforts of the ancient Greeks to find order amid the chaos around us, there has been continual accelerated progress toward understanding the laws that govern our universe. And the particularly important advances made by means of the revolutionary theories of relativity and quantum mechanics have deeply altered our vision of the cosmos and provided us with models of unprecedented accuracy. What Roger Penrose so brilliantly accomplishes in this book is threefold. First, he gives us an overall narrative description of our present understanding of the universe and its physical behaviors–from the unseeable, minuscule movement of the subatomic particle to the journeys of the planets and the stars in the vastness of time and space.Second, he evokes the extraordinary beauty that lies in the mysterious and profound relationships between these physical behaviors and the subtle mathematical ideas that explain and interpret them. Third, Penrose comes to the arresting conclusion–as he explores the compatibility of the two grand classic theories of modern physics–that Einstein’s general theory of relativity stands firm while quantum theory, as presently constituted, still needs refashioning.Along the way, he talks about a wealth of issues, controversies, and phenomena; about the roles of various kinds of numbers in physics, ideas of calculus and modern geometry, visions of infinity, the big bang, black holes, the profound challenge of the second law of thermodynamics, string and M theory, loop quantum gravity, twistors, and educated guesses about science in the near future. In The Road to Reality he has given us a work of enormous scope, intention, and achievement–a complete and essential work of science
Roadmap to Greener Computing
by Raoul-Abelin Choumin Nguemaleu Lionel MontheuAs computers become faster, use more energy, and older models become obsolete more quickly, the question is often asked: What can the engineering and computer science community do to make computing greener? Roadmap to Greener Computing defines the challenges involved in making computing more environmentally friendly and includes methods and techniq
Roads to Infinity: The Mathematics of Truth and Proof (AK Peters/CRC Recreational Mathematics Series)
by John StillwellWinner of a CHOICE Outstanding Academic Title Award for 2011!This book offers an introduction to modern ideas about infinity and their implications for mathematics. It unifies ideas from set theory and mathematical logic, and traces their effects on mainstream mathematical topics of today, such as number theory and combinatorics. The treatment is h
Robert Recorde: Tudor Polymath, Expositor and Practitioner of Computation
by Jack WilliamsThe 16th-Century intellectual Robert Recorde is chiefly remembered for introducing the equals sign into algebra, yet the greater significance and broader scope of his work is often overlooked. This book presents an authoritative and in-depth analysis of the man, his achievements and his historical importance. This scholarly yet accessible work examines the latest evidence on all aspects of Recorde's life, throwing new light on a character deserving of greater recognition. Topics and features: presents a concise chronology of Recorde's life; examines his published works; describes Recorde's professional activities in the minting of money and the mining of silver, as well as his dispute with William Herbert, Earl of Pembroke; investigates Recorde's work as a physician, his linguistic and antiquarian interests, and his religious beliefs; discusses the influence of Recorde's publisher, Reyner Wolfe, in his life; reviews his legacy to 17th-Century science, and to modern computer science and mathematics.
Robert Rosen and Relational System Theory: An Overview (Anticipation Science #8)
by James Bryan LennoxThis book focuses on Robert Rosen’s contributions to relational system theory, which is the science of organization and function. This science was originally developed by Nicolas Rashevsky, and further developed by Rashevsky’s student Robert Rosen, and continues to be developed by Rosen’s student A. H. Louie amongst others. Due to its revolutionary character, it is often misunderstood, and to some, controversial. The formal and conceptual setting for Rosen’s relational system theory is category theory. Rosen was the first to apply category theory to scientific problems, outside of pure mathematics, and the first to think about science from the point of view of category theory. To better understand the work of Rosen, this book provides an overview of his theory of modeling, complexity, anticipation, and organism. It presents the foundations of this science and the philosophical motivations behind it along with conceptual clarification and historical context in order to present Rosen’s ideas to a wider audience.
The Robot Factory: Pseudoscience In Education And Its Threat To American Democracy
by Joseph GanemThis book exposes a disturbing misuse of the scientific method to advance policies and agendas that are in fact detrimental to both science and education. The author, a physics professor, examines two related trends in education – the practice of “data-driven” reform and the disparaging of the traditional liberal arts in favor of programs with a heavy emphasis on science and technology. Many of the reforms being foisted on educators have more in common with pseudo-science than real science. The reduction of education to a commodity, and the shilling of science as a means to enhance corporate profits, lead to an impoverished and stunted understanding of science in particular, and of education in general.How is it possible for: • schools with all students learning at grade-level to be rated as failing?• teachers to be rated as ineffective after all their students meet their learning outcomes?• rising grade-school math standards to result in more college students needing remedial math?• politicians to disparage scientists and their results but argue that more students should study science?These bizarre outcomes have happened and are the result of an education system that misuses and misrepresents math and science in the classroom and in crafting education policies. This book exposes the flawed and fallacious thinking that is damaging education at all levels throughout the United States, and makes a compelling case for rethinking the standardized, optimized, and quantified approaches in vogue in education today to accommodate the different needs of individual teachers and students.
Robot Mechanisms
by Jadran Lenarcic Michael M. Stanišić Tadej BajdThis book provides a comprehensive introduction to the area of robot mechanisms, primarily considering industrial manipulators and humanoid arms. The book is intended for both teaching and self-study. Emphasis is given to the fundamentals of kinematic analysis and the design of robot mechanisms. The coverage of topics is untypical. The focus is on robot kinematics. The book creates a balance between theoretical and practical aspects in the development and application of robot mechanisms, and includes the latest achievements and trends in robot science and technology.
Robotic Musicianship: Embodied Artificial Creativity and Mechatronic Musical Expression (Automation, Collaboration, & E-Services #8)
by Scott Driscoll Gil Weinberg Mason Bretan Guy HoffmanThis book discusses the principles, methodologies, and challenges of robotic musicianship through an in-depth review of the work conducted at the Georgia Tech Center for Music Technology (GTCMT), where the concept was first developed. Robotic musicianship is a relatively new research field that focuses on the design and development of intelligent music-making machines. The motivation behind the field is to develop robots that not only generate music, but also collaborate with humans by listening and responding in an expressive and creative manner. This combination of human and machine creativity has the potential to surprise and inspire us to play, listen, compose, and think about music in new ways. The book provides an in-depth view of the robotic platforms designed at the GTCMT Robotic Musicianship Group, including the improvisational robotic percussionists Haile and Shimon, the personal robotic companion Shimi, and a number of wearable robots, such as the Robotic Drumming Prosthesis, The Third Drumming Arm, and the Skywalker Piano Hand. The book discusses numerous research studies based on these platforms in the context of five main principles: Listen like a Human, Play Like a Machine, Be Social, Watch and Learn, and Wear It.
Robotics and Autonomous Systems and Engineering Applications of Computational Intelligence: 8th International Conference on Life System Modeling and Simulation, LSMS 2024, and 8th International Conference on Intelligent Computing for Sustainable Energy and Environment, ICSEE 2024, Suzhou, China, September 13–15, 2024, Proceedings, Part V (Communications in Computer and Information Science #2220)
by Juping Gu Fuyuan Hu Huiyu Zhou Zixiang Fei Erfu YangThe five-volume set constitutes the thoroughly refereed proceedings of the 8th International Conference on Life System Modeling and Simulation, LSMS 2024, and of the 8th International Conference on Intelligent Computing for Sustainable Energy and Environment, ICSEE 2024, which were held during September 13-15, in Suzhou, China. The 31 papers presented were carefully reviewed and selected from over 496 submissions. The LSMS and ICSEE international conference series aim to bring together international researchers and practitioners in the fields of advanced methods for life system modeling and simulation, as well as advanced intelligent computing theory, methodologies, and engineering applications in achieving net zero across all sectors to tackle the global climate change challenge.
Robotics, Vision And Control: Fundamental Algorithms In Matlab - 2nd, Completely Revised, Extended And Updated Edition (Springer Tracts In Advanced Robotics #118)
by Peter CorkeRobotic vision, the combination of robotics and computer vision, involves the application of computer algorithms to data acquired from sensors. The research community has developed a large body of such algorithms but for a newcomer to the field this can be quite daunting. For over 20 years the author has maintained two open-source MATLAB® Toolboxes, one for robotics and one for vision. They provide implementations of many important algorithms and allow users to work with real problems, not just trivial examples. <P><P>This book makes the fundamental algorithms of robotics, vision and control accessible to all. It weaves together theory, algorithms and examples in a narrative that covers robotics and computer vision separately and together. Using the latest versions of the Toolboxes the author shows how complex problems can be decomposed and solved using just a few simple lines of code. The topics covered are guided by real problems observed by the author over many years as a practitioner of both robotics and computer vision. It is written in an accessible but informative style, easy to read and absorb, and includes over 1000 MATLAB and Simulink® examples and over 400 figures. The book is a real walk through the fundamentals of mobile robots, arm robots. then camera models, image processing, feature extraction and multi-view geometry and finally bringing it all together with an extensive discussion of visual servo systems. This second edition is completely revised, updated and extended with coverage of Lie groups, matrix exponentials and twists; inertial navigation; differential drive robots; lattice planners; pose-graph SLAM and map making; restructured material on arm-robot kinematics and dynamics; series-elastic actuators and operational-space control; Lab color spaces; light field cameras; structured light, bundle adjustment and visual odometry; and photometric visual servoing. “An authoritative book, reaching across fields, thoughtfully conceived and brilliantly accomplished!”
Robots Unlimited: Life in a Virtual Age
by David LevyConsider this: Robots will one day be able to write poetry and prose so touching that it will make men weep; compose dozens or even hundreds of symphonies that will rival the work of Mozart; judge a court case with absolute impartiality and fairness; or even converse with the natural ease of your best friend. Robots will one day be so life-like tha