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Pulsing with drama and excitement, Infinitesimal celebrates the spirit of discovery, innovation, and intellectual achievement-and it will forever change the way you look at a simple line.

On August 10, 1632, five men in flowing black robes convened in a somber Roman palazzo to pass judgment on a deceptively simple proposition: that a continuous line is composed of distinct and infinitely tiny parts. With the stroke of a pen the Jesuit fathers banned the doctrine of infinitesimals, announcing that it could never be taught or even mentioned. The concept was deemed...

This book focuses on the application of the partial hedging approach from modern math finance to equity-linked life insurance contracts. It provides an accessible, up-to-date introduction to quantifying financial and insurance risks. The book also explains how to price innovative financial and insurance products from partial hedging perspectives. Each chapter presents the problem, the mathematical formulation, theoretical results, derivation details, numerical illustrations, and references to further reading.