#actuarial science

[racefortheironthrone]

Hey Steven! I've been thinking about medieval banking of recently. Espescificly, how in the medieval period were things like a loan's interest rate and the value of the individual instalments decided? Was the interest applyed instalment per instalment, to the gross total value, or some or other way I'm missing?

So I don't know whether interest was applied to each installment of the loan or the gross total - I think it was each installment, but don't quote me on that.

However, I do know that interest rates were determined very much based on the instincts and gut feeling of the banker, and most of all on the debtor's reputation. Certainly, this is way before anyone's worked out the math and come up with formulas and algorithms to try to predict repayment rates. After all, you don't get the necessary developments in statistics and mathematics that allowed for the emergence of actuarial science and thus modern life insurance until the late 17th century.

So it's not like anyone's working with hard numbers here, it's all about guesswork and experience and networks.

[suhmayzooka]

ATTN: actuaries/hopeful future actuaries!

anyone know a discord server where we can study together, give advice, commiserate, etc? for both actuary students and ppl already in the field? i'm taking exam P for the second time next month (i bombed the first time this spring bc i was ..... not having a great time!) and it would be great to have ppl to study with for all exams.

[alpha-plus-delhi]

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[eduspiral]

How to Become an Actuary in Malaysia?

Education Pathway to Become a Professional Actuary in Malaysia Actuaries measure and manage risk. Basically an Actuary calculates the amount of premiums to charge to a policy holder using mathematical models based on statistical data from the past. Since we are not able to predict the future, the actuary has to use mathematical models to make projections as accurate as possible on the chances…

[babyblueetbaemonster]

O great librarian please bestow your wisdom upon me.

[vampire-rodeo]

unfortunate side effect of not caring what others think about me anymore: all my acquaintances think i’m boring asf

[stick-by-me]

Doodle away!

New follower sticker for: @myinnerchildhood!

[cuterspine]

Now that I think of it, it might be frustrating for you needing to wait for an entire month to see one character you liked. That's why I will try to post more drawings, even if many of them will be simple or don't have a story. Now it's time for me to avoid refreshing the site and staring at the notifications for hours.

[mysteriousboo]

why couldn't i have done something easy like biology?

[amitynoida]

Top Actuarial Science Colleges In India— Curriculum & Placements

While choosing an actuarial college, Amity stands as the premier university, not just in Noida but in the whole India. Amity’s great curriculum, vibrant campus life, top-notch faculty members, and the placement records have helped students to walk on a brighter path. These achievements have made Amity— best institute for actuarial science in India.

[scubeactuary]

The field of actuarial science offers exciting career prospects in India, and top companies are providing valuable placement opportunities for talented individuals. These organizations recognize the critical role actuaries play in analyzing and managing risk, making them invaluable assets in various industries. India's leading actuarial firms are known for their expertise, innovative approaches, and commitment to nurturing the next generation of actuarial professionals. They offer comprehensive training programs, hands-on experience, and mentorship to help actuarial students and graduates thrive in their chosen career paths.

[eduspiral]

Top Private Universities to Study Actuarial Science in Malaysia

Choosing to Study at the Best Private University for Actuarial Science will Help You to Handle the Professional Exams Actuaries are business professionals who measure and manage the financial implications of future events—pro and con, certain and uncertain, probable and improbable. Actuaries measure and manage risk. With a deep understanding of mathematics, actuaries forecast possibilities and…

[k12academics]

The mission of the Gordon Ford College of Business is to actively support and engage students, faculty, staff, and community in academic and lifelong professional development, providing the foundation needed to lead in today's diverse business environment.

[blizzardfluffykpop]

Bias Spreadsheet Math

Okay, so I have a spreadsheet for my biases because I have quite a few (currently on this sheet: 27) and I like to keep facts about them stored. Just to see what lines up with the other ones. (Side note: None of my biases seem to line up...)

Anyways, I always have to manually put in the age they've turned. And I've had this spreadsheet for like a few years now. And it's tiring...

Cause I'm lazy & okay with math- I made an equation? So, the =DATEDIF() equation only works w/numbers. While Google does have the function for "TODAY" it wouldn't work in said function.

So, if I wanted it to always solve from birthdate to today. I'd have to come up with a different way, so I'd never had to type their ages manually again. I configured a little 'today's date' cell in the sheet. Thus, dubbing "AB2" as the dedicated cell.

And here 'X' will stand for any birthdate/cell w/birthdate. And years will be represented by "Y." After all, that is what we are solving for.

Thus the equation looks like:

=DATEDIF(X, AB2, "Y")

I'll be the first to admit I love math, but as a person who doesn't like to do the same tedious work over and over... This is going to make a nice difference when I look at the sheet again in the future.

Also, disclaimer: I didn't get the idea for the bias spreadsheet, someone else made the original. I have just made it custom to me. It does have some functions from the original, most of them have been scrapped tbh. Especially because this is my third version of the spreadsheet. (I don't keep up w/a lot of groups anymore, so I made a new one to decrease clutter). I don't know how much of it remains? I do have the link to the official one tho.

Anyways- if you've read on this far- and are still intrigued! If you wish to start your own: I have the link to the original and can also link mine! And if you'd like I'd be more than happy to help you set it up!

Idk I'm very proud of myself for figuring it out. It took me a little bit, but algebra was my favorite in school, so it came with ease! :)

(Also, this post marks: 25,000 posts *reblogs & originals* 🥰)