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Actuaries need to do the same things all the time e.g. - probabilistic value of remaining life for life insurance settlement/pricing. Yes it feels weird to dis
by confluence 14y ago
Actuaries need to do the same things all the time e.g. - probabilistic value of remaining life for life insurance settlement/pricing.
Yes it feels weird to discuss these things - but it doesn't make you an evil person or anything - life insurance must be priced, taxes distributed and money donated.
The problem with "hands up in the air - everything is precious!" thinking is that you can't make any decisions. If you assume that - all your money should be flooding Africa.
You'll notice that this isn't the case.
You'll also notice that people only pay lip service to their morals - but they never back it up with cash - and that's where actuaries and economists come in.