RISK THEORY - LECTURE NOTES 1. INTRODUCTION The primary subject of Risk Theory is the development and study of mathematical and statistical models to describe and predict the behaviour of insurance portfolios‚ which are simply financial instruments composed of a (possibly quite large) number of individual policies. For the purposes of this course‚ we will define a policy as a random (or stochastic) process generating a deterministic income in the form of periodic premiums‚ and incurring financial
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Kinetic theory (or the kinetic or kinetic-molecular theory of gases) is the theory that HYPERLINK http//en.wikipedia.org/wiki/Gasgases are made up of a large number of small particles (HYPERLINK http//en.wikipedia.org/wiki/Atomatoms or HYPERLINK http//en.wikipedia.org/wiki/Moleculemolecules)‚ all of which are in constant‚ HYPERLINK http//en.wikipedia.org/wiki/Randomnessrandom HYPERLINK http//en.wikipedia.org/wiki/Motion_(physics)motion. The rapidly moving particles constantly collide with each other
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CONSUMER THEORY I Consumer theory – deals with how a consumer chooses the best bundle of goods he/she can afford. BUDGET CONSTRAINT To know which bundle of goods a consumer can afford‚ we have to look into the consumer’s budget constraint. We first assume that there are only two goods‚ say good x1 and x2. A consumer can choose from bundle A (3‚ 2) – 3 units of good 1 and 2 units of good 2; bundle B (6‚ 5) – 6 units of good 1 and 5 units of good‚ so forth. Given the price of good 1 (p1)‚
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mathematics and physics takes the order of linearity and shows how it relates to the unpredictability of the world around us. It is called Chaos Theory. The secular definition of chaos can be misleading when the word is used in a scientific context. As defined by Webster’s dictionary chaos is total disorder. That may lead one to believe that chaos theory is indeed the study of total disorder‚ which it truly is not. In 1986 at a prestigious conference on Chaos another definition for chaos was introduced
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Theory of Parabolas By Amergin McDavid A parabola is designed on a basic formula‚ Y=ax^2+bx+c‚ which allows it to achieve a curve not seen in a normal line graphed using a Y=mx+b format. To the left is a graph who’s formula is y=x^2‚ where a=1‚ b=0‚ and c=0. I have isolated the (a) factor to see its effects on the parabola. Below is a graph where I have changed the (a) multiple times. The result is that as the (a) decreases‚ the mouth of the parabola widens due to the fact that (a) is essentially
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Post-colonialial theory as a recent field of study has lately become one of the most attractive academic disciplines - if it can be called a discipline - that incessantly triggers piles and piles of literature written by art of critics‚ social reformists‚ political scientists‚ literary critics and political economists. The continuous expansion of post-colonialism in its recent version made its own domains of interest and areas of functionality overlap with other fields of global academic studies
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Alternating Current Theory - J R Lucas An alternating waveform is a periodic waveform which alternate between positive and negative values. Unlike direct waveforms‚ they cannot be characterised by one magnitude as their amplitude is continuously varying from instant to instant. Thus various forms of magnitudes are defined for such waveforms. The advantage of the alternating waveform for electric power is that it can be stepped up or stepped down in potential easily for transmission and utilisation
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informal report that will identify and compare a number of different motivational theorists and I will also identify one theorist that I would feel suitable to our managers Motivational Theorys Maslows Theory (Google Images) Maslows Theory is based on the belief that we are motivated by needs and the theory states we must satisfy basic needs in order to concentrate on the higher priorities. And only when the basic needs are met can we move on to the next steps 1. Pysiological – All individuals
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RELATIVITY: THE SPECIAL AND GENERAL THEORY BY ALBERT EINSTEIN Written: 1916 (this revised edition: 1924) Source: Relativity: The Special and General Theory (1920) Publisher: Methuen & Co Ltd First Published: December‚ 1916 Translated: Robert W. Lawson (Authorised translation) Transcription/Markup: Brian Basgen Transcription to text: Gregory B. Newby Thanks to: Einstein Reference Archive (marxists.org) The Einstein Reference Archive is online at: http://www.marxists.org/reference/archive/einstein/index
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Applying Motivational Theories to Compensation Abstract An organization’s success is built and defined on its strategy and goal for the company. In order for an organization to achieve its goal‚ it must be shared with the whole organization. This includes the employees as well as stockholders feeling connected to the company and motivated to reach these goals usually by some type of compensation. Keywords: strategy‚ employees‚ compensation‚ motivation
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