Posts Tagged actuarial science

Smoking a bit too much 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.

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Love in terms of music, actuarial science, finance and programming

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.

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