Prague, Czech Republic

Financial and Insurance Mathematics

Finanční a pojistná matematika

Master's
Language: CzechStudies in Czech
Subject area: economy and administration
Years of study: 2
University website: www.cuni.cz
Insurance
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Mathematics
Mathematics (from Greek μάθημα máthēma, "knowledge, study, learning") is the study of such topics as quantity, structure, space, and change. It has no generally accepted definition.
Mathematics
Mathematics is a versatile art; it can be applied to widely different purposes. Math has no morality; it does not care what it counts or what it proves.
Brian Stableford, Ashes and Tombstones, in Peter Crowther (ed.) Moon Shots (1999), reprinted in David G. Hartwell (ed.) Year's Best SF 5 (2000), p. 412
Mathematics
If you are interested in the ultimate character of the physical world, or the complete world, and at the present time our only way to understand that is through the mathematical type of reasoning... the great depth of character of the universality of the laws, the relationships of things... I don't know any other way to do it, we don't know any other way to describe it accurately... or to see the interrelationships without it... don't misunderstand me, there are many, many aspects of the world that mathematics is unnecessary for... but we were talking about physics... to not know mathematics is a severe limitation in understanding the world.
Richard Feynman, "The Rules of the Game," The Pleasure of Finding Things Out (1999)
Insurance
Many seniors understand that Social Security is social insurance as opposed to a program where we put money aside for our own retirement. But most elderly individuals think they're getting their money back. So it isn't selfishness as much as a misunderstanding.
Richard Lamm in:Psychology today, Bell & Howell Information and Learning, Sussex Publishers.
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