5 ms·
As someone who is studying actuarial sciences ... if you use some real data against the Gompertz you see that it doesn't really fit that well for very small and
by Rainymood 12y ago
As someone who is studying actuarial sciences ... if you use some real data against the Gompertz you see that it doesn't really fit that well for very small and very large ages. Which is why this guy Makeham did this
http://en.wikipedia.org/wiki/Gompertz%E2%80%93Makeham_law_of_mortality http://en.wikipedia.org/wiki/Gompertz%E2%80%93Makeham_law_of...
As a student with a mathematics background (and boy do we love 'simplifications'). I can never stop theorizing and thinking about what would happen if we would just insist on a maximum age of lets say 80. It will probably never happen, but just think about it. It's both morbid and fascinating in it's own sense.