or  Google Search
Department of Statistical and Actuarial Sciences
Center of Actuarial Excellence (CAE)

What's New in the Department

News News
  • Summer 2017 Undergraduate Research Awards (November 18, 2016)

    Applications are invited for Research Awards for the summer months of 2017 in the Department of Applied Mathematics, and the Department of Statistics & Actuarial Sciences. Supervision is available in a variety of areas related to existing research conducted by faculty members in: numerical and symbolic computation, mathematical biology, dynamical systems, financial modeling, applied statistics, applied probability, actuarial modeling. Applicants are not required to specify an area of interest.

    Please visit here for details.

Events Events
  • Optimal Insurance (Thursday, December 08, 2016)
    Time: 3:30pm-4:30pm and Room: WSC 248
    Speaker: Mario Ghossoub
    Title: Optimal Insurance: Belief Heterogeneity, Ambiguity, and Arrow's Theorem

    In Arrow's classical problem of demand for insurance indemnity schedules, it is well-known that the optimal insurance indemnification for an insurance buyer (the insured) is a straight deductible contract, when the insurer is a risk-neutral Expected Utility (EU) maximizer and when the insured is a risk-averse EU maximizer. In Arrow's framework, however, the two parties share the same probabilistic beliefs about the realizations of the underlying insurable loss, and neither party experiences ambiguity (Knightian uncertainty) about the distribution of this random loss. In this talk I will discuss extensions of Arrow's classical result to situations of belief heterogeneity and ambiguity.

  • PhD Thesis Proposal – John Kang (Friday, December 09, 2016)

Connect with us

Watch us on YouTube

Subscribe to Western's YouTube

Science Photos

Send us your photos of your time in the Faculty of Science

Important Links

SOA Society of Acturies
CIA Canadian Institue of Actuaries
CAS Casuality Actuarial Society
School of Graduate & Post-doctoral Studies
Comprehensive directory of all Western social media