Recursions for fully-discrete reserves

Recursions for fully-discrete reserves describes recursion for reserves for general fully-discrete insurance considering both benefits and expenses and describes recursion's use in solving problems. It contains about 6 pages of text. Here is the table of contents:

• 1.1 Introduction
• 1.2 General fully-discrete insurances
• 1.2.1 The alive-dead setting
• 1.2.2 The multi-state setting
• 1.3 The recursions
• 1.3.1 Recursions in the alive-dead setting
• 1.3.2 Recursion in the multi-state setting
• 1.4 Solving problems using recursion
• 1.4.1 Neighboring durations and a missing ingredient
• 1.4.2 Benefit S_k+1 equals a formula in the reserve _k+1V in the alive-dead setting

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