Contents
Introduction
1.1 What Is Probability? 1
1.2 How Is Uncertainty Quantified? 2
1.3 Probability in Engineering and the Sciences
1.4 What Is Actuarial Science? 6
1.5 What Is Financial Engineering? 9
1.6 Interpretations of Probability 11
1.7 Probability Modeling in Practice 13
1.8 Outline of This Book 14
1.9 Chapter Summary 15
1.10 Further Reading 16
1.11 Exercises 17
A Survey of Some Basic Concepts Through Examples 19
2.1 Payoff in a Simple Game 19
2.2 Choosing Between Payoffs 25
2.3 Future Lifetimes 36
2.4 Simple and Compound Growth 42
2.5 Chapter Summary 49
2.6 Exercises 51
ix
Previous Page Next Page