Actuarial Math
The ==Mathematics of Actuarial Science== is motivated by the problem of how to evaluate and manage risk, especially in financial and insurance contexts.
| Domain | Description |
|---|---|
| Probability Theory | Events and how likely they are to occur. |
| Statistics | Data collection and interpretation. |
| Financial Mathematics | Models of money, value, and price. |
| Life Contingencies | Models of cash flows that depend on human survival. |
| Risk Measurement | Uncertainty and its costs. |
| Credibility Theory | Aggregate information based on its credibility to improve predictions. |
| Stochastic Processes | Systems that evolve over time. |
| Economics | Models of markets and human behaviour. |
| Machine Learning | Algorithms that learn patterns from data and make predictions. |
| Optimization | Methods to find the best solution under constraints. |
| Simulation | Models of real-world systems. |
| Decision Theory | Rational choices under uncertainty. |