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The question talks about smoking ban in all "public" premises. Restaurants and bars are mostly privately owned (or am I mistaking this here?)....
I'm entering my 25th question paper and I'm really struggling with getting the answers to the quality of exam solutions in terms of both breadth...
Thought this was interesting: http://julialang.org/ Several hundred fold speed-up to other languages and uses MATLAB syntax!
In the two actuarial techniques chapter, we read about ALM and LDI. I can't seem to spot the difference between the two and they seem to reflect...
ST5 : 34 CANDIDATES APPEARED AND NONE PASSED CT4 : 248 CANDIDATES APPEARED AND 5 PASSED CT3 : 740 CANDIDATES APPEARED AND 78 PASSED CT8 : 195...
ST6 :- Very doable this time. I could finish the paper comfortably and hopefully the result should be decent, unless I'm deceiving myself. How...
http://www.actuariesindia.org/downloads/exampapers/Nov%202010/QP/ST6_IAI_QP_1110.pdf In Q9, when using the (inverse of variance-covariance...
In page 152 of Baxter and Rennie, I'm unable to understand how the equation g(x,t,T) was arrived at. I would really appreciate it and obliged if...
What did you guys think? That question on Quanto valuation where everything was stochastic was brutal I thought, and that question on deriving...
QP: http://www.actuariesindia.org/Downloads/exampapers/Nov-2012/ST6_QP.pdf Solution:...
Hey everyone writing the UK exam this time. All the best!
Why is dividend added to market returns here? A dividend will lead to a drop in index value by a proportionate figure - reducing stock returns...
The question asks for the profit and loss diagram - not the payoff diagram. Since we purchase a call option with longer maturity than we sell,...
Why is it assumed in pricing of caplets that the risk neutral probability of an up move is .5? Shouldn't it be: (Previous Branch...
It's probably a basic question, but I'm confusing myself with this: Suppose we're planning to lend for a 5 year period, $1 at 6% continuously...
I would like to know why the following method leads to an incorrect solution: E[exp(-2Bt) | Fs] = exp(-2Bs) * E[exp(-2(Bt-Bs)| Fs] Now...
Good article from the IAI magazine :- Mindset 4: UK pass rates are much higher that IAI’s pass rates Whilst as much as we would all want to see...
What is the best way to deal with such questions? I'm first plotting how I think the delta (or others) will look for each and every option...
Found it hilarious: http://www.youtube.com/watch?v=ZC7pQb6ipfw
I work in the risk analytics domain and my work deals primarily with development of survival models and aggregate loss forecasting. I find that a...
In the numerical illustration, I'm not quite able to understand how the 3*3 matrix was arrived at. The text says, "The coefficients in this matrix...
Link I can't believe no one has passed CT3 and only 2 have passed CT6. The results get funnier by the window. :eek: I've cleared both CT4...
A test of grit is the only way to explain this. Apparently, no body passed this paper out of the 150 odd who gave it a shot back then. A must do...
For the sake of example, if we assume that the calender year of observation is 1st Jan 2005 to 31st Jan 2005, and current date is 1st Jan 2006,...
Link Cleared CT1 and 3 and topped CT1. How'd it do for you guys?
For calculating the probability of ruin for the insurer under a proportional reinsurance scheme without a re-insurer loading factor, is the...
Hi. I visited actuariesindia.org today to download the exam form but it's apparently been hacked by some Pakistani/Afghan hacker group. I guess...