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Wave Mechanics of Risk: A New Paradigm for Actuarial Science

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Description

The standard tools of actuarial science — Gaussian distributions, linear correlations, static exposure models — were designed for a world that does not exist. Insurance exists precisely to confront a far more complex reality: contagion, structural breaks, feedback effects, and rare events that redefine entire systems. This book proposes a fundamental paradigm shift. Drawing on the wave-particle duality of Louis de Broglie and the wave equation of Erwin Schrödinger, it develops a complete theoretical framework in which every risk carries a wave function. Risks interfere and superpose; catastrophes propagate as shock waves; the uncertainty principle governs the fundamental limits of actuarial precision; and quantum tunnelling models the reinsurance of tail events that classical theory deems impossible.

Product Specifications

Format
paperback
Domain
Amazon UK
Release Date
03 May 2026
Listed Since
05 May 2026

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