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On the true Measure of the Probabilities of Survivorship between two Lives
Published online by Cambridge University Press: 18 August 2016
Extract
A good deal of misconception prevails, on the part of many interested in the science of life contingencies, in regard to the expressions usually assigned as the measures of the probabilities of the different orders of survivorship among two or more lives. It seems to be supposed that these expressions are little better than rude approximations, adopted from convenience or necessity, depending on no definite principles, and consequently giving results but little entitled to confidence.
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- Research Article
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- Copyright © Institute and Faculty of Actuaries 1851
References
page 137 note * Doctrine of Assurances, second edition, p. 161, note xvii.
page 137 note † Doctrine of Life Annuities, p. 109, note.
page 144 note * Milne, p. 52. Mr. Milne's demonstration of the property here made use of has reference to entire years only; but the property is equally true of any portion of time.
page 147 note * I have however slightly modified the process to bring it into accordance with the foregoing investigations.