Value & Risk


The key aims of this course are to explain how agents react under conditions of uncertainty in the context of financial mathematics.  We will introduce and develop a model of how individuals make investment and insurance decisions when faced with risk; we will explore the trade-off between risk and reward, and explain how our attitude to risk affects how we value a portfolio. We can then use the theory to explain the prices of assets and the cost of insurance.

For resources and problem sheets please see Weblearn:

Undergraduates: Weblearn SB4b Overview

MSc: Weblearn SM10 Course Material

I know it’s annoying to have this behind a password, but it’s much easier to update than this site.

Course: SB4b

Actuarial Science II

Revision Lectures:

Trinity Term

Monday 3rd week 9.30am

Thursday 4th week 9.30am


Statistics Department, St. Giles

Consultation time:

Straight after revision lecture

10.30am - 12noon