C6 - Study Plan for Panjer???

[aNoNo]

Any thoughts on how to attack the Panjer (Financial Economics) material for C6?

The consensus seems to be that the text is time consuming and difficult to understand. Do any of the Study Guides provide an alternative treatment that can be used as a substitute (rather than a supplement) for the Panjer text to learn the relevant material for C6?

I don't want to get bogged down in the Panjer text if there is a more effective way to go. Is there some overlap of the Panjer text and the Babbel monograph?

How does the JAM6 seminar treat the Panjer material? Does Mike provide hand-outs that are different from the JAM6 Guide?

Thanks for any insight.

[Enough Exams Already]

Last year's Course 6 asked for a proof that a certain universe of specified securities was arbitrage-free. I wouldn't try skipping Panjer. Granted, it's time-consuming, dense, barely penetrable and probably better used as a torture device in Third World countries, but the question-makers apparently aren't looking for list-type questions from it. I'd just schedule extra time with the puppy, grit teeth and take the pain.

[WWSituation]

"Any thoughts on how to attack the Panjer"

I know his book is crap, but lets leave the guy alone!!

:grin:

[ophelia]

I'd suggest reading the JAM outline for each section before reading the textbook section. And my opinion is that you can skip the long, convoluted proofs of the theorems presented -- the theorems themselves are the important thing. (Note that this was a fine strategy for Course 6 '01, but past performance is no indication of future results.)

You'll need to know how to prove a system is arbitrage-free, but that's more of a math problem than a "proof."