On the Effects of Selection: An Actuarial Essay (Classic Reprint)
Language: English
Published by Forgotten Books, 2020
- Softcover
- New



Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
US$ 18.26
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This book offers a profound analysis and summary of actuarial science, a discipline that assesses the financial risks associated with events like mortality and life expectancy. The author presents a thorough examination of how mortality rates and insurance premiums are determined, and explores the complex factors that influence life expectancy. The book traces the evolution of actuarial science, from its origins in the 17th century to its current sophisticated applications. It highlights landmark studies and debates that have shaped the field, placing them within the broader context of actuarial science's role in managing financial risk across different industries. Through detailed explanations and examples, the author sheds light on the intricate calculations and assumptions used by actuaries to predict future events and determine appropriate insurance premiums. They also discuss the ethical implications of actuarial assessments and their impact on individuals and society as a whole. Overall, this book provides a comprehensive and accessible introduction to the fascinating world of actuarial science, its historical roots, and its significance in risk management and financial planning. It offers valuable insights for anyone interested in understanding the complex factors that shape human life expectancy and their implications for society and the insurance industry. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9780332255231_0
- Title
- On the Effects of Selection: An Actuarial Essay (Classic Reprint)
- Author
- Emory McClintock
- Publisher
- Forgotten Books
- Publication year
- 2020
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0332255239
- ISBN 13
- 9780332255231
- Seller catalogs
- Statistics
Discover how selection affects mortality in actuarial practice and shaping insurance experience.
This classic essay explains the forces behind withdrawals, health screening, and table-based expectations.
Originally written as part of the Institute of Actuaries discussions, this work surveys early observations on how the mix of healthier and less healthy lives changes the group remaining after withdrawals. The author cites prior researchers and compares mortality experiences across ages, offices, and years of insurance to illuminate the mechanics of selection and its practical impact on life insurance risk.
The book presents practical explanations of concepts like the withdrawal effect, medical selection, and the use of standard tables to estimate expected deaths. It uses historical data to show how favorable or unfavorably selected lives influence observed mortality rates over time.
- See how the withdrawal of healthy lives can raise the observed mortality of the remaining group.
- Understand cross-office comparisons and how different experiences shape estimates.
- Learn why medical selection and withdrawals interact in actuarial calculations.
- Gain historical context for core actuarial debates of the era.
Ideal for readers of actuarial history, professionals, and students seeking context on early methods to measure selection effects.
"Synopsis" may belong to another edition of this title.
Forgotten Books
London, United Kingdom
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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