The Actuarial Foundation

ACADEMIC AUTHORS

Phelim P. Boyle, PhD, FIA, FCIA, is J. Page Wadsworth Chair of Finance at the University of Waterloo. He has also taught at the Universities of British Columbia and Illinois. He received his PhD from Trinity College, Dublin. He has authored, Options and the Management of Financial Risk, and numerous papers in finance and actuarial science literature. He is Editor of Advances in Futures and Options Research and an associate editor of nine journals including the Journal of Risk and Insurance, Insurance: Mathematics and Economics, Mathematical Finance and the Journal of Derivatives. Among numerous awards for research, he received the first Halmstad Prize for the best paper in actuarial literature and the Centennial Award of te International Actuarial Association.

Samuel H. Cox, PhD, FSA, is a professor of actuarial science and risk management and insurance at Georgia State University. He earned his BA and MS degrees at Texas Christian University and a PhD at Louisiana State University, all in mathematics. Professor Cox is a Chartered Property and Casualty Underwriter. He is Editor of the Society of Actuaries= sponsored North American Actuarial Journal and Vice-Chairperson of the Education and Research Section Council of the Society of Actuaries. He is co-author of several textbooks and has published scholarly papers in mathematics, actuarial science, insurance, and finance.

Daniel Dufresne, PhD, ASA, has taught actuarial science and probability theory since 1986, at Laval University and now at the University of Montreal, where he is currently Associate Professor. His main interests are pension funding, stochastic calculus and time series. He has published research papers in the Journal of the Institute of Actuaries, Insurance: Mathematics and Economics, the Scandinavian Actuarial Journal and Bernoulli, as well as a book (in French) on pension mathematics.

Hans U. Gerber, PhD, ASA, is President of the Institute of Actuarial Science of the University of Lausanne. He is a co-author of the Society of Actuaries text, Actuarial Mathematics, and he is author of the monographs, "An Introduction to Mathematical Risk Theory" and "Life Insurance Mathematics," which has been published in five languages. Professor Gerber is Editor of Insurance: Mathematics and Economics and the Journal of the Swiss Association of Actuaries, and Associate Editor of the North American Actuarial Journal. He has published almost one hundred papers, primarily in risk theory and applied probability, and more recently in mathematical finance. In 1995, he won the Centennial Award of the International Actuarial Association and the annual prize of the Society of Actuaries for a paper that he coauthored with Elias S. Shiu.

Heinz H. Mueller, PhD, is professor of mathematics at the University of St.Gallen, Switzerland. He has also taught at the Universities of Zurich, Geneva and Lausanne. He specializes in mathematical economics, economic theory and financial economics. Some of his publications have appeared in Journal of Economic Theory, Insurance : Mathematics and Economics and the ASTIN Bulletin.

Harry H. Panjer, PhD, FSA, FCIA, is Professor of Actuarial Science at the University of Waterloo. He received his PhD from the University of Western Ontario and previously taught at the University of Texas and at Western Ontario. He is co-author of two books in actuarial science, and the forthcoming book Loss Models: From Data to Decisions. He has published more than 40 papers, mostly in actuarial science. He is associate editor of the North American Actuarial Journal, the Journal of Risk and Insurance and Insurance: Mathematics and Economics. He has served in several leadership positions in actuarial professional organizations including Vice-President of both the Canadian Institute of Actuaries and the Society of Actuaries. In 1988, he received the annual prize of the Society of Actuaries.

Hal W. Pedersen, PhD, ASA, is Assistant Professor of actuarial science at Georgia State University. He holds a PhD in Finance from George Washington University. He has previously taught at the University of Manitoba. He was a joint recipient of the Halmstad Prize and has published actuarial papers in Transactions of the Society of Actuaries and Insurance: Mathematics and Economics.

Stanley R. Pliska, PhD, is Professor of Finance at the University of Illinois at Chicago. Formerly, he taught at Northwestern University and worked in the aerospace industry. He received a BS degree in Aeronautical Engineering from Massachusetts Institute of Technology, and both an MS degree in statistics and a PhD in operations research from Stanford University. He has had over 40 research papers published in applied probability, stochastic control theory and finance. He is editor of Mathematical Finance.

Michael Sherris, BA, MBA, FIA, FIAA, ASA, is Associate Professor in actuarial studies at Macquarie University in Sydney, Australia. He has published papers in the Scandinavian Actuarial Journal, Journal of the Institute of Actuaries, Transactions of the Institute of Actuaries of Australia, Journal of the Securities Institute of Australia, ARCH, Transactions of the Society of Actuaries and Journal of Risk and Insurance. He is author of the book, Money and Capital Markets: Pricing, Yields and Analysis. Prior to joining Macquarie University, he worked for a number of banks and a life insurance company in pension funds, corporate finance, investment funds management and money market areas.

Elias S. Shiu, PhD, ASA, is the Principal Financial Group Professor of Actuarial Science at the University of Iowa. He received a PhD from the California Institute of Technology in 1975. He is an associate editor of Insurance: Mathematics and Economics, Journal of Actuarial Practice, and North American Actuarial Journal. From 1991 to 1994 he served as a member of the Investment Section Council of the Society of Actuaries. In 1995, he won the annual prize of the Society of Actuaries for a paper he coauthored with Hans U. Gerber.

Ken Seng Tan, ASA, is a PhD candidate at the University of Waterloo and holds a MMath degree from the University of Waterloo. He has coauthored several papers in finance, and has published in Management Science, The Journal of Derivatives and Risk. In 1997 his paper AApplications of Scrambled Low Discrepancy Sequences to Exotic Options,@ coauthored with Phelim P. Boyle, was awarded second prize at the 7th AFIR International Colloquium.