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May/June 2008

 

SwanBlack Swan or Black-Scholes?
Thre Crisis of the Actuarial Profession

How do you price future financial risks in a world dominated by unexpected events whose probability can't be measured?
by Gerry Smedinghoff

 

 

 

 

 

 

FilmLife, Death, and Money: Insurance in Film Noir

In many film noir classics, insurance is the is the motivating force for both good and evil. Responsible behaviour may not always be its own reward, but the wages of sin are usually paid in full.
by Daniel D. Skwire

 

 

 

UmbrellaIn Support of the Weatherman

As they strive for transparency, financial economists seem to be turning their backs on the future and all of its potential risks and rewards.
by Dimitry Mindlin

 

 

 

 

 

 

GlobalGoing Global: Some Advice on Expanding Your Acturial Universe

Why U.S. actuaries should care about what's going on internationally.
by Dan McCarthy

 

 

 

INSIDE TRACK
Gaming the System
Linda Mallon

LETTERS

COMMENTARY
The Real Truth About Defined Benefit Plans
Eric Cerling

UP TO CODE
An Actuary Defends Herself
Julia Philips

Special Section:
Software Showcase

WORKSHOP
New Wrinkles in Spreadsheets
Ugur Kadakal

TRADECRAFT
Financial Literacy and Post-Retirement Risks
Anna M. Rappaport

AFTER HOURS
Actuary Without Borders
Ellis Wohlner

HUMOR
Request for Guidance
Bruce Gaffney

PUZZLES
Waiting Game
Mark Danburg-Wyld

ENDPAPER
Les Miserables
Richard T. Zatorski

A treasury of Vanderhoof
Irwin Vanderhoof's columns for Contingencies have been collected in one volume. Order "Through an Actuarial Looking Glass" for just $16.