Alberto Monteiro wrote: >It amazes me that Actuarial Science takes a cohort of people in >their 20s and then projects their economical future until they die - >which may happen 100 years from now.
Not necessarily their economic future, but certainly how long that future might be. Most actuaries (at least the ones whose companies' bottom lines aren't beholden to just a handful of clients) prefer conservative assumptions simply because we have to make sure you have enough to live on for many years. Though I personally don't like when accounting standards want projections based on 100 year pay streams; what am I, the Oracle at Delphi? Jim _______________________________________________ Join Excite! - http://www.excite.com The most personalized portal on the Web! _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
