Description: This document provides answers to the exercises in the report titled Complexity Science – an introduction and invitation for actuaries:.

Description: This article describes behavioral finance and its relevance in identifying analytics and processes suitable for a control environment for the actuarial aspects of an insurance company.

Description: an excerpt from a speech discussing how experts can become so immersed in their work that they cannot see how their profession relates to and affects society. This is excerpted, with permission, from Mr. Anderson’s speech, “Strategic Planning for Corporate Growth,” to the Chemical Marketing Research Assn.

Description: Article focuses on a number of strategies that can be used to improve results in a DC plan. It is based on information from several outside sources. It encourages people with DB backgrounds to learn more about DC issues.

Description: This article explores the market volatility of 2008, and addresses the following question: “was the market behaving inefficiently as appeared to be the case in 2008, or was there something truly rational going on, which for most people was hard to see?”

Description: Traditional predictive tools are not built to deal with the variability the world currently faces. The COVID-19 pandemic amounts to a prolonged black swan event, for which one must look past conventional assessments to arrive at any level of confident predictions. Behavioral analysis factors for biases and heuristics designed specifically for uncertain evolutionary contexts, and which are the primary drivers of market participants’ decisions at present. Through understanding the most likely behaviors of individuals, it becomes possible to arrive at an aggregate understanding of market outcomes.

Description: This paper suggests that individual decisions to retire are based on personal resource allocations, institutional influences, and social standards. The paper then attempts to create a decision-making framework in which to accommodate this range of influences. From Retirement Needs Framework, M-RS00-1.

Description: The abstract for a paper that focuses on default distributions and why they are important.

Description: This session discusses current trends in retirement decision making, retirement incentives, the impact of conditions in the local and national economy on a person's decision to retire. From the Record of the Society of Actuaries, Volume 27, No. 1, Session

Description: We discussed impacts of procrastination and strategies to harness the power of inertia to aid individuals in their pursuit of future financial well-being.