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Search: Posts Made By: Michael Davlin
Forum: Non-Actuarial Topics 05-10-2010, 08:19 PM
Replies: 9
Views: 1,605
Posted By Michael Davlin
Somebody certainly has a very good memory! ...

Somebody certainly has a very good memory!

When I was bemoaning the Neandertals demise back in 2004, mitochondrial DNA was being hyped to the public as all we needed to know to falsify the...
Forum: Software & Technology 07-15-2007, 12:43 AM
Replies: 26
Views: 2,376
Posted By Michael Davlin
I've used a number of TeX / LaTeX environments...

I've used a number of TeX / LaTeX environments over the years, and the best of the free ones is the one I currently use: TeXnicCenter (http://www.toolscenter.org/). It works fine with the latest rev...
Forum: Chat with the Candidates & Exam Committee 11-09-2006, 03:32 PM
Replies: 22
Views: 4,145
Posted By Michael Davlin
If you're still writing exams, awriter, ignore...

If you're still writing exams, awriter, ignore the following.

I know several people who are quite active on one or more PBR work groups who try to do so entirely off company time. Most committees...
Forum: Software & Technology 11-09-2006, 01:35 AM
Replies: 14
Views: 2,637
Posted By Michael Davlin
I believe Lester Ingber is one of the top experts...

I believe Lester Ingber is one of the top experts on simulated annealing; he freely makes available his papers and code here (http://www.ingber.com/#ASA).
Forum: Software & Technology 11-06-2006, 11:08 PM
Replies: 5
Views: 1,351
Posted By Michael Davlin
For lovers of OLAP and pivot tables, this is the...

For lovers of OLAP and pivot tables, this is the coolest product (http://www.tableausoftware.com/products.htm) I've seen in a long, long, time. No explanations necessary; just take the tour. With all...
Forum: Life 06-14-2006, 08:15 PM
Replies: 6
Views: 2,147
Posted By Michael Davlin
It looks as though your discount rate could...

It looks as though your discount rate could retain market risk premia for assuming credit and liquidity risk above and beyond their expected costs. So, I believe the answer to your question is yes.
...
Forum: Life 04-13-2006, 06:26 PM
Replies: 27
Views: 3,620
Posted By Michael Davlin
I stuck with life insurance largely for the...

I stuck with life insurance largely for the reason Carol just stated: creative freedom. Working in a stifling rate controlled environment, or one with a ticking time bomb like the PBGC, would have...
Forum: Risk Management 04-10-2006, 03:56 PM
Replies: 5
Views: 1,939
Posted By Michael Davlin
Yes, value can be reallocated either by splitting...

Yes, value can be reallocated either by splitting or merging. Excellent observation!

A friend of mine, Ed Jarrett, observed that the best move in my polar example would be for the stockholders to...
Forum: Finance - Investments 04-10-2006, 01:20 PM
Replies: 20
Views: 3,045
Posted By Michael Davlin
In 1896, a solid company could issue a 100 year...

In 1896, a solid company could issue a 100 year bond at par with a 5% coupon (or less). Canadians are such trusting souls that around that time one of their lot successfully floated a 1,000 year...
Forum: Finance - Investments 04-07-2006, 03:09 PM
Replies: 20
Views: 3,045
Posted By Michael Davlin
I would guess that somewhere between 25% and 50%...

I would guess that somewhere between 25% and 50% of earnings were paid out in dividends. So I'd guess the DJIA would have been somewhere between 4/3 and 2 times its current level. 12,000 to 18,000,...
Forum: Risk Management 04-07-2006, 02:45 PM
Replies: 5
Views: 1,939
Posted By Michael Davlin
You've asked an interesting question, JvN. I'll...

You've asked an interesting question, JvN. I'll give you my take on it, but not in terms of Economic Capital, which I find to be an abused term to refer to concepts neither economic nor particularly...
Forum: Risk Management 02-27-2006, 12:31 PM
Replies: 28
Views: 7,176
Posted By Michael Davlin
I wish I knew the answer to this. It seems the...

I wish I knew the answer to this. It seems the old saw that conceptual revolutions gain ground tombstone by tombstone is all too true.
Forum: Risk Management 02-27-2006, 12:28 PM
Replies: 28
Views: 7,176
Posted By Michael Davlin
Thanks for the tip, Jeremy. That's a very good...

Thanks for the tip, Jeremy. That's a very good paper, and I hadn't considered Babbel's argument before. I'm in the market for other sound arguments explaining why management would want to engage in...
Forum: Risk Management 02-27-2006, 11:59 AM
Replies: 28
Views: 7,176
Posted By Michael Davlin
I can't speak for Luke, EG, but my article's...

I can't speak for Luke, EG, but my article's quarry was not your discount rate but rather the direction in which the principles-based valuation initiative appears to be heading. My article was just a...
Forum: Risk Management 02-26-2006, 01:48 PM
Replies: 28
Views: 7,176
Posted By Michael Davlin
Thank you, Jeremy. While your post technically...

Thank you, Jeremy. While your post technically arrived several hours too late to take some of the sting out my turning 55 yesterday, as an ex-financial reinsurance actuary I've elected to mentally...
Forum: Risk Management 02-24-2006, 02:10 PM
Replies: 2
Views: 1,483
Posted By Michael Davlin
Since I believe the concept of put premiums is...

Since I believe the concept of put premiums is the key to understanding risk management (from an economic rather than a statistical perspective), I recommend both Christopher Culp's new book...
Forum: Risk Management 02-22-2006, 02:39 PM
Replies: 28
Views: 7,176
Posted By Michael Davlin
Judging from the silence, I think you must have...

Judging from the silence, I think you must have had your phraser set to stun. Actually, DTNF, I'll confess to finding your Kirk post to be funny and clever.
Forum: Risk Management 02-17-2006, 03:46 PM
Replies: 28
Views: 7,176
Posted By Michael Davlin
And I had to look up 'qualatative' and...

And I had to look up 'qualatative' and 'quanatative', but I otherwise agree with your amusing comments. ;-) ERM is the angel food cake of finance: tall and fluffy, doesn't taste as good as its looks...
Forum: Careers - Employment 06-28-2005, 09:40 PM
Replies: 20
Views: 2,636
Posted By Michael Davlin
I can only say that it was 9-5 or 7-3 for most...

I can only say that it was 9-5 or 7-3 for most employees there ... 20 years ago. Oh, and short Fridays during the summer months (a company-wide substitute for cash raises during the 70s great...
Forum: Software & Technology 05-12-2005, 02:46 PM
Replies: 71
Views: 12,839
Posted By Michael Davlin
I've been wondering the same thing. Yep. ...

I've been wondering the same thing.

Yep.

I'd expect a swarm of legal locusts to descend on your head. Unless you've licensed another system, I doubt you have the legal right to even know about...
Forum: Finance - Investments 04-28-2005, 01:39 PM
Replies: 3
Views: 1,420
Posted By Michael Davlin
In continuous time, they are saying exactly the...

In continuous time, they are saying exactly the same thing about the stochastic properties of dS. Assuming your first equation's description of dS, the second follows from an application of Ito's...
Forum: Non-Actuarial Topics 03-26-2005, 10:19 AM
Replies: 304
Views: 15,425
Posted By Michael Davlin
Desperation makes for strange bedfellows.

Desperation makes for strange bedfellows.
Forum: Non-Actuarial Topics 03-25-2005, 05:27 PM
Replies: 304
Views: 15,425
Posted By Michael Davlin
With the right medical breakthroughs, we can have...

With the right medical breakthroughs, we can have an increasing population for a time while having fewer than 2 kids. It's a different sort of fruitful multiplying.
Forum: Software & Technology 03-24-2005, 01:21 PM
Replies: 14
Views: 3,869
Posted By Michael Davlin
If CRAN is an "R language", I suppose that means...

If CRAN is an "R language", I suppose that means it too is a freeware derivative of the S language in S-Plus, a statistical package, and not a financial modeling system. Prophet, on the other hand,...
Forum: Software & Technology 03-17-2005, 01:40 PM
Replies: 22
Views: 2,806
Posted By Michael Davlin
I just bought a Compaq Presario R3000Z for my son...

I just bought a Compaq Presario R3000Z for my son to use at school. It just arrived today (actually, 2 arrived today by mistake), and I'm configuring / playing with it now. Office Depot ran a great...
Showing results 1 to 25 of 300

 

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