Quotes About Actuarial

Age is the thing that correlates best to what health coverage costs.

We didn't grow up in a jock household. In fact, my dad is an entrepreneur. He was a computer programmer; he was a professor of actuarial science at Wharton for 13 years, then started his own company that was software-based.

From past experience, it seems that at my rate of writing it takes about a decade to produce enough new essays for assembly in a collection. I hope nevertheless that this will not be my last collection. But given actuarial realities, perhaps this would be a good time for me to add a word of thanks to readers who over many years have put up with my polemics and explanations, and have thereby given me a precious contact with the world beyond physics.

Social Security faces a long-term actuarial deficit, yes.

And here's a fact that should get you thinking: when Social Security set the retirement age at sixty-five, the average life expectancy for a male was sixty-one. It makes us realize how little Social Security was designed to pay out. The subsequent surge in life expectancy has changed the math of retirement entirely.

hundreds of studies have shown that, compared to predictions based on actuarial data, predictions based on an expert's years of training and personal experience are rarely better than chance. But when an expert is wrong, the centerpiece of his or her professional identity is threatened. Therefore, dissonance theory predicts that the more self-confident and famous experts are, the less likely they will be to admit mistakes.

achievement to create the first modern insurance fund, based on correct actuarial and financial principles, rather than mercantile gambling.

A lot of being a poet consists of willed ignorance. If you woke up from your trance and realized the nature of the life-threatening and dignity-destroying precipice you were walking along, you would switch into actuarial sciences immediately.