Fundamental Principle 3 for Riskmaticians

Updated: Sep 14, 2018

The Law of One Price states that any two securities with identical future payoffs, no matter how the future unfolds, should have identical current prices. Related topics include Arbitrage pricing theory, fundamental theorems of asset pricing, Risk-neutral measureNuméraire...

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My actuarial career began with the naive belief that anything could be mathematically modeled, that model-based prediction was only limited by the sophistication of our models and the degree of our in

A riskmatician is someone who uses extensive knowledge of mathematics in his or her work to solve problems involving financial risk. Riskmaticians are concerned with using probability interpretations,

I worked for a Property & Casualty insurer in Seattle. It was my first year out of college. My desk covered with exam problems. My stress level low, still 7 weeks before my exam. My boss walks up. He