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Modeling the Variety of Decision Making | SOA

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Modeling the Variety of Decision Making

Authors

Bruce Beck, Ph.D.
David Ingram, FSA, MAAA, CERA
Michael Thompson, Ph.D.

Description

The Joint Risk Management Research Committee is pleased to present new research that  enhances existing actuarial modeling practice. This report discusses management decision making practices and the need for actuaries to build the appropriate level of variability for management actions in stochastic models to achieve a more realistic range of future experience among the stochastic scenarios.

Report

Modeling the Variety of Decision Making

Acknowledgments:

Project Oversight Group members:

Lisa Zwicker, FSA FCIA (chair)

Robert Zhan, FSA CERA

Xiangxiao (Jessica) Ma, FSA ACIA

Xuan Deng, FSA MAAA

Alex Filiakov, ASA MAAA

Abroon Qazi, FSA CERA

Andrei Titioura, FSA FCIA

Yue Zhang (Cathy), ASA

At the Society of Actuaries:

Max Rudolph, FSA CERA CFA MAAA

Ronora Stryker, ASA MAAA

Jan Schuh

Others:

Elijah Bush, PhD

Elliot Varnell, FIA, CERA, FRSA

Alice Underwood, Ph.D., FCAS, MAAA, CERA

Questions or Comments?

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If you have comments or questions, please send an email to research@soa.org.