Preface

It is necessary to thank many people at the end of a big project like writing a book. First, my thanks go to my patient editor Sunil Nair and his editorial assistants Rachel Holt and Sarah Gelson. Two anonymous reviewers made very thorough and useful comments on an earlier manuscript. Tao Luo and Sharon Wang typed and made figures for many versions of this book. Tao’s valuable comments, mastery of Visual Basic, and untiring commitment were a particular help in both of the final pushes to completing this project.

I have benefitted from teaching this material to many students over many years, beginning with many insightful master’s and PhD students. Classroom versions of this content has been taught to the actuarial science, financial ...

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