volume 2, issue 5, P1057-1193 1996
DOI: 10.1017/s1357321700004876
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A.D. Smith

Abstract: There has recently been some debate about the usefulness of financial economics to the actuarial profession. The consensus appears to be that the techniques are potentially valuable, but the published material is not quite 'oven ready'. Some development work is required before the material can be applied.The author has carried out much of the necessary development work on behalf of various clients over the last few years. On some occasions the results have conflicted with more conventional actuarial methods. …

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