This book provides a thorough understanding of the fundamental concepts of financial mathematics essential for the evaluation of any financial product and instrument. Mastering concepts of present and future values of streams of cash flows under different interest rate environments is core for actuaries and financial economists. This book covers the body of knowledge required by the Society of Actuaries (SOA) for its Financial Mathematics (FM) Exam. The third edition includes major changes such as an addition of an R Laboratory section in each chapter, except for Chapter 9. These sections provide R codes to do various computations, which will facilitate students to apply conceptual knowledge. Additionally, key definitions have been revised and the theme structure has been altered. Students studying undergraduate courses on financial mathematics for actuaries will find this book useful. This book offers numerous examples and exercises, some of which are adapted from previous SOA FM Exams. It is also useful for students preparing for the actuarial professional exams through self-study.
Jeremy Bernstein Book order






- 2021
- 2020
SONG FOR MOLLY, A
- 148 pages
- 6 hours of reading
Exploring the intersection of love and science, this novella features whimsical encounters with iconic figures like Wittgenstein, Einstein, and Gödel, while also delving into the narrator's life with a dog named Molly. The narrative balances serious scientific themes with a light-hearted tone, highlighted by humorous dialogues, such as Einstein's playful remarks about Gödel's eccentricities. This unique blend of intellectual exploration and personal reflection creates a captivating homage to both relationships and the wonders of science.
- 2018
BOUQUET OF DYSON, A
- 188 pages
- 7 hours of reading
The University of Texas at Austin is a renowned institution known for its vibrant campus life and academic excellence. It offers a wide range of programs and degrees, attracting students from diverse backgrounds. The university fosters a culture of innovation and research, contributing significantly to various fields. With a commitment to community engagement and global impact, it prepares students for leadership roles in an ever-changing world. The campus features state-of-the-art facilities and a rich array of extracurricular activities, enhancing the overall student experience.
- 2018
My friendship with Freeman Dyson goes back over a half century. My first contact with him goes back to the late 1950s, when I was at the Institute for Advanced Study, and then evolved when I was a consultant at General Atomics in La Jolla, California.
- 2016
Offering a comprehensive overview of nuclear weapons, the book provides insights from physicist Jeremy Bernstein, who witnessed their development firsthand. It explores the science behind nuclear weapons while making complex concepts accessible to both general readers and experts. The narrative spans from the 1950s nuclear tests in Nevada to contemporary issues in Iran and North Korea, reflecting on the implications of the nuclear age over the last seventy years. An introduction by Sir Chris Llewellyn Smith enhances its significance in understanding global nuclear dynamics.
- 2016
Bouquet Of Numbers And Other Scientific Offerings, A
- 227 pages
- 8 hours of reading
This book is an essay collection, along with short stories, which attempt to explain some scientific ideas
- 2014
In March 1905, a young patent examiner named Albert Einstein submitted three groundbreaking manuscripts to the German physics journal Annalen der Physik, which would profoundly influence twentieth-century physics. These papers introduced revolutionary ideas, culminating in a fourth paper submitted later that year, where Einstein derived the iconic formula E=mc². This pivotal moment marked the beginning of a new era in scientific thought, showcasing Einstein's genius and the transformative power of his theories.
- 2014
CHORUS OF BELLS AND OTHER SCIENTIFIC INQUIRIES, A
- 288 pages
- 11 hours of reading
Exploring a wide array of topics, this collection of essays spans quantum theory, nuclear weapons, financial engineering, and the Higgs boson. The first part reflects on the unresolved interpretations of quantum theory, influenced by discussions with John Bell. The second section examines the role of gas centrifuges in nuclear proliferation, particularly highlighting their development by German POWs. The third part profiles Louis Bachelier, the pioneer of financial engineering, while the final section delves into the Higgs boson and its mechanism for generating mass.
- 2011
Quantum Leaps: How Quantum Mechanics Took Over Science
- 260 pages
- 10 hours of reading
In the early years of its conception, J Robert Oppenheimer spoke of quantum theory as a subject that was "unlikely to be known to any poet or historian." Yet, as Bernstein notes, in just sixty-odd years, one can find at least nine million entries on Google under the rubric "quantum theory" -- from poets and historians, as well as film critics and Buddhist monks. How did quantum mechanics enter general culture so pervasively? Having studied the subject for over a half-century, Jeremy Bernstein returns in this second edition to enlighten readers with a witty insider's perspective on the development of quantum theory as well as its loopholes. It is also a scintillating account of the interplay between brilliance and fallibility in humankind, even in the key figures who have shaped common understanding of quantum theory -- such eminent figures include Niels Bohr, the Dalai Lama, Tom Stoppard, and most notably, John Bell who made pioneering contributions in quantum physics. At once thought-provoking and intellectual, this semi-autobiographical popular science book is highly recommended for readers with rudimentary knowledge of science history, philosophy, and naturally, physics.
- 2010
Focusing on the history and technology behind nuclear weapons, this book aims to make complex concepts accessible to the general reader. It provides insights into the development and impact of these powerful weapons, ensuring that readers can grasp their significance in modern society.