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Search: Posts Made By: lloopy
Forum: Investment / Financial Markets 04-08-2013, 03:19 PM
Replies: 1
Views: 805
Posted By lloopy
Seven of Nine

Is there a big difference between the 7th edition and the 9th edition of Weishaus?

Thanks in advance.
Forum: Investment / Financial Markets 11-07-2011, 02:57 PM
Replies: 11
Views: 2,178
Posted By lloopy
So this is what kills me. The first one is GBM,...

So this is what kills me. The first one is GBM, because I can just multiply through by X(t). For the second one, if I take the derivative of ln(X(t)), I get \frac{dX(t)}{X(t)}, so it should still...
Forum: Investment / Financial Markets 11-07-2011, 10:53 AM
Replies: 11
Views: 2,178
Posted By lloopy
Brownian Motion

It is unclear to me when doing problems something is Arithmetic Brownian Motion versus Geometric Brownian Motion. I read through the materials I have. I make notes. I think it's clear. Then I see...
Forum: Investment / Financial Markets 10-16-2011, 09:59 AM
Replies: 4
Views: 942
Posted By lloopy
Thank you. Really, I'm new to this, so I'm just...

Thank you. Really, I'm new to this, so I'm just trying to fill my own knowledge gaps.
Forum: Investment / Financial Markets 10-15-2011, 11:05 AM
Replies: 4
Views: 942
Posted By lloopy
Thanks. It's nice to get some validation. There...

Thanks. It's nice to get some validation. There was another problem where the stated variance was for a 3-month option, but the solution didn't seem to differentiate between 3-month variance and...
Forum: Investment / Financial Markets 10-13-2011, 01:23 PM
Replies: 4
Views: 942
Posted By lloopy
ASM 2009, chapter 15, question 11

In this question, we're given the values from 5 distinct trials, then asked to calculate the number of trials needed to make the standard deviation equal to .005. The standard deviation of the...
Forum: Short-Term Actuarial Math 07-05-2011, 11:45 PM
Replies: 4
Views: 1,714
Posted By lloopy
It can easily be passed with 3 months of study...

It can easily be passed with 3 months of study time.

It can also easily be failed with 3 months of study time.

Work hard, stay focused, don't underestimate it.
Forum: Long-Term Actuarial Math 07-05-2011, 12:11 PM
Replies: 205
Views: 14,727
Posted By lloopy
Some laws are in place so that if they are...

Some laws are in place so that if they are violated, and this causes problems, then something can be done about it. Leash laws for dogs are a good example of this. If there is a well trained dog...
Forum: Long-Term Actuarial Math 07-01-2011, 06:01 PM
Replies: 205
Views: 14,727
Posted By lloopy
This is not the first time I've encountered the...

This is not the first time I've encountered the PAK, so I listened VERY closely to the instructions at the beginning of the exam. They were very clear that you cannot take QUESTIONS out of the exam...
Forum: Long-Term Actuarial Math 07-01-2011, 05:00 PM
Replies: 205
Views: 14,727
Posted By lloopy
The exam process has its ups and downs. Put...

The exam process has its ups and downs.

Put it in perspective. Some of these "I studied for two weeks" people don't tell you that they've taken a class and failed it once already. My first...
Forum: Long-Term Actuarial Math 07-01-2011, 12:54 PM
Replies: 37
Views: 5,503
Posted By lloopy
:iatp:

:iatp:
Forum: Long-Term Actuarial Math 07-01-2011, 12:42 PM
Replies: 65
Views: 8,863
Posted By lloopy
Thumbs up Passed

20 and passed.
Forum: Long-Term Actuarial Math 06-30-2011, 05:48 PM
Replies: 236
Views: 25,631
Posted By lloopy
:iatp:

:iatp:
Forum: Probability 06-28-2011, 04:28 PM
Replies: 18
Views: 5,178
Posted By lloopy
This is why you do the hundreds of problems in...

This is why you do the hundreds of problems in preparation for the actual exam: to reduce the likelihood of a silly mistake when you know how to do the problem.

It's frustrating (and...
Forum: Long-Term Actuarial Math 06-28-2011, 02:37 PM
Replies: 236
Views: 25,631
Posted By lloopy
I have a 20 on the top-15 PAK, and figure it has...

I have a 20 on the top-15 PAK, and figure it has to be off by at more than two or the pass mark has to be higher than 18 for me to fail.

I'm thinking I'm a 99% shot to pass. That puts you a LOT...
Forum: General 06-27-2011, 03:41 PM
Replies: 12
Views: 3,544
Posted By lloopy
:iatp: I couldn't agree with this more. I...

:iatp:

I couldn't agree with this more. I was as prepared as I thought I could be going into FM/2. I had a very difficult exam (8 questions on a topic that has about 3 pages devoted to it in the...
Forum: Short-Term Actuarial Math 06-24-2011, 06:08 PM
Replies: 48
Views: 5,437
Posted By lloopy
I hear it's raining them. ...

I hear it's raining them.






Hallelujah.
Forum: Financial Mathematics 06-24-2011, 05:36 PM
Replies: 22
Views: 4,636
Posted By lloopy
A common test taking error is to think that the...

A common test taking error is to think that the questions somehow get harder as you move on. They do not. If you encounter a question where you don't IMMEDIATELY know how to find the solution, skip...
Forum: Short-Term Actuarial Math 06-24-2011, 11:29 AM
Replies: 48
Views: 5,437
Posted By lloopy
:iatp: This is an excellent point! I see how...

:iatp: This is an excellent point!

I see how there can be cheating done with one's own devices, but if they supply the 25-cent .07 lead mechanical pencils, it shouldn't be a problem.
Forum: Short-Term Actuarial Math 06-24-2011, 11:25 AM
Replies: 48
Views: 5,437
Posted By lloopy
There are some examiners who think that the...

There are some examiners who think that the number-of-pencils rule (2) is important, and there are others who know it isn't. I made it clear that I go through pencils constantly, and my examiner...
Forum: General 06-23-2011, 02:53 PM
Replies: 12
Views: 3,544
Posted By lloopy
For exam P/1, I knew every single detail. When I...

For exam P/1, I knew every single detail. When I sat for the exam itself, I had no extra time, even with my high level of confidence. For FM/2, I was confident of a majority of the material, and...
Forum: Long-Term Actuarial Math 06-22-2011, 01:50 AM
Replies: 18
Views: 2,450
Posted By lloopy
It depends on how much you value your own time. ...

It depends on how much you value your own time.

You can take a class, which costs money and takes time.

You can go to a seminar, which costs money and takes time.

You can hire a tutor,...
Forum: Long-Term Actuarial Math 06-22-2011, 12:09 AM
Replies: 13
Views: 9,271
Posted By lloopy
Yes, hazard rate = force of mortality. The...

Yes, hazard rate = force of mortality.

The probability of living is the negative exponential of the accumulated mortality. If the force of mortality is constant, like .01, then the total...
Forum: Long-Term Actuarial Math 06-21-2011, 04:15 PM
Replies: 18
Views: 2,450
Posted By lloopy
It's a necessary, but not sufficient condition. ...

It's a necessary, but not sufficient condition.

Chapter 6 is survival moments. You can think of these a couple of ways. For me, I've always thought of expected life expectancy as the area under...
Forum: Probability 06-20-2011, 01:23 PM
Replies: 11
Views: 2,677
Posted By lloopy
If you get the ASM, and you do the practice...

If you get the ASM, and you do the practice exams, then you will be well prepared for the exam. I've read from many who've failed with ACTEX that their particular exam was much harder than the...
Showing results 1 to 25 of 188

 

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