Copulas 2 – after the basics
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Paul Sweeting
Financial Research, Education Commentary
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Copulas 1 – learning the basics
The post Copulas 1 – learning the basics first appeared on Paul Sweeting .
Climate change risk
The post Climate change risk first appeared on Paul Sweeting .
Risk and sports
As you know, I enjoy endurance sports, especially when they don’t put me in hospital. I’ve already written about the behavioural aspects of this episode, but I think there are broader applications of risk management and even investment to endurance sports. For any sports event, the main risk it not being prepared: that is, under or overtraining. The best solution here is to make a plan. Having a…
Defining risk and uncertainty
I thought it might be helpful to write a primer on risk and uncertainty, and what people mean when they use these terms. This is in a general sense, but also in relation to finance. These are just my views, and others will have different ways of looking at this topic, but I hope that people will find this useful. A good place to start is the decision-making process. When we make decisions, we…
Reading the signs (and why we often don’t)
Last weekend I took part in the Dubai Ironman 70.3 – for a little while, anyway! Not long after starting the swim, my hips went into cramp. I hoped the cramps would settle, so I carried on. But the cramps didn’t settle, they got worse and by the time I’d come out of the water, I could barely walk. Still, I tried to stretch my hips out, and after quarter of an hour in transition and literally…
Rise in NI contributions would penalise the young – Financial Times
A recent report from the Government Actuary s Department suggested that National Insurance contributions would need to rise significantly to cover the increased cost of state pensions. This would be unfair in essence, it would mean taxing a generation that is destined to retire later with less to pay the pensions of a generation that retired sooner with more. Below is a copy of my letter to the…
A late Christmas present for ERM students
As you might have seen, I ve finally updated my website, www.paulsweeting.com . This is where I will be adding blog posts on various topics, but there is also something new: an education section allowing students of ST9 the enterprise risk management (ERM) paper of the Institute and Faculty of Actuaries to practice key ERM concepts. The new section contains questions on each of the sections set…
The reluctant leader
This summer I took over as head of actuarial science at the University of Kent. I have to admit, part of me was not looking forward to this. I returned to full-time academia to teach and to carry out research, not to get involved in management and administration. However, to my surprise, I’m finding it very rewarding. I’ve been trying to work out why this is, and I think there are two key reasons.…
Money Box Live: the Cost of Means Testing – BBC Radio 4
Many of our welfare benefits are means tested, you re able to claim them only when your income and capital (your means) fall below a certain limit. This financial test aims to ensure that public funds are given to those who need it most and it s been argued that the principle should be extended to some [ ] The post Money Box Live: the Cost of Means Testing – BBC Radio 4 first appeared on Paul…