Posts Tagged actuarial science
I was recently at a party where some students were smoking. I’ve become quite a believer in the futility of telling people why they should not smoke. Sometimes, as I see people smoking, some of these arguments come unbidden, and I can’t help but indulge in the futile practice.
On this night, however, I was sorely tempted to say, “Don’t you know that if you take out life insurance, you will be paying smoking rates, even if you’re only a casual smoker.” But of course, these people were years away from caring about life insurance premiums.
I kept quiet. Clearly too much actuarial science has an adverse effect on the brain. Perhaps I should consider quitting actuarial science, maybe become a beekeeper, and try not to think about whether beekeepers have higher disability insurance premiums.
Friends of mine recently got married. One of them has a background in actuarial science and computer science and the other has a masters degree in music. I thought it would be fun to write them a poem that needed both these backgrounds to appreciate fully, and thus I came up with the following:
Love is like a symphony, a Beethoven symphony (no 7 of course) its present value cannot be determined (no hypothecation allowed ) it has more power than compound interest able to decipher even the most inscrutable VB code love can make life feel like a stroll through country gardens but sometimes, one must face nights on a bare mountain or even the isle of the dead but love is a commitment a contract writ before God it is a long-term investment, that rides out short-term fluctuations (it beats any human benchmark) with not even death as a decrement
Here are the specific references if you want to look them up. Actuarial science: hypothecation, decrement, contract. Finance: compound interest, present value, long-term investment, short-term fluctuations. Programming: VB. Music: Beethoven symphony, country gardens, isle of the dead, night on the bare the mountain.