second derivative Archives - Infinity is Really Big

October 29, 2019October 29, 2019

Differentiable Functions and Local Linearity

Calculus 1, Lectures 12 through 15B

An infinitely oscillating continuous and differentiable function. — *This function is both continuous and smooth at $x=0$ , in spite of oscillating infinitely often in any neighborhood of $x=0$ .*

*This function is both continuous and smooth at $x=0$ , in spite of oscillating infinitely often in any neighborhood of $x=0$ .*

In Steven Strogatz’s excellent book, Infinite Powers, there is a big emphasis on an idea he calls The Infinity Principle.

The concepts of a continuous function and of a differentiable function are … Read the rest

February 4, 2019February 12, 2019

New Video: Immunization, Part 3

Immunization of a liability cashflow by an asset cashflow can help to cushion a company when interest rates change, but is it always possible?

My most recent video is “Actuarial Exam 2/FM: Liabilities Not Immunized by Assets in Spite of PV and Duration Matching” (Financial Math for Actuarial Exam 2 (FM), Video #171. October 2018 SOA Sample Exam, Problem #127). … Read the rest

February 1, 2019February 1, 2019

New Video: Immunization, Part 2

In the previous post, “New Video: Immunization, Part 1“, I introduced the idea of Redington immunization of liability cashflows by asset cashflows.

It was a post that delved into the details of my previous YouTube video “Actuarial Exam 2/FM Prep: Use Redington Immunization to Find a Ratio of Assets in a Portfolio” embedded … Read the rest