Why an actuary succeeds!

What's that special gift an actuary has, that he always succeeds?

Never mind how complex the situation, an actuary always has that one missing magic equation ready to astonish his audience....

Some accuse actuaries of always talking their way out of a problem. They stress that actuaries misuse their formulae to force decisions 'their way'.

We all know that's not true. Yes, an actuary always survives and actuaries are not biased or irrational.

It's the study, our experience and our trained 'gut feeling', that makes us succeed, as the next cartoon shows!

(Click [twice] on the cartoon for the enlarged version, to get a clear sight at the equations)


So now you know why an actuary is not easily daunted!

Actuary Dilbert Mashup

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Actuary Humor I

A priest and an Actuary were rounded up for execution by the French Revolution.

The priest had been taken over to the Guillotine and was asked if he had any last words. He said 'If I am innocent, let the Lord God Almighty prevent this execution!'

Everybody laughed until the Guillotine failed to come down on three consecutive tries due to a malfunction. So according French law, the priest was set free.

Then the Actuary had to be executed. He climbed the guillotine and calmly laid down his head on the block. Again the very same malfunction occurred on the first two tries, at which point Actuary looked up, examined the guillotine and exclaimed: "I think I see the problem"

Longevity risk solved

Holiday news today...

An unknown Dutch actuary (don't quote me !) claims to have found the definitive solution for what's called 'longevity risk'.

Instead of a traditional non-comprehensive actuarial equation, the proof is one of those rare, and sometimes dangerous or wrong, visual proofs in (actuarial) mathematics.



Anyway, have a nice holiday!