Applied statistics | Actuarial science

Actuarial science

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. More generally, actuaries apply rigorous mathematics to model matters of uncertainty. Actuaries are professionals trained in this discipline. In many countries, actuaries must demonstrate their competence by passing a series of rigorous professional examinations. Actuarial science includes a number of interrelated subjects, including mathematics, probability theory, statistics, finance, economics, financial accounting and computer science. Historically, actuarial science used deterministic models in the construction of tables and premiums. The science has gone through revolutionary changes since the 1980s due to the proliferation of high speed computers and the union of stochastic actuarial models with modern financial theory. Many universities have undergraduate and graduate degree programs in actuarial science. In 2010, a study published by job search website CareerCast ranked actuary as the #1 job in the United States. The study used five key criteria to rank jobs: environment, income, employment outlook, physical demands, and stress. A similar study by U.S. News & World Report in 2006 included actuaries among the 25 Best Professions that it expects will be in great demand in the future. (Wikipedia).

Video thumbnail

Quantum Mechanics 1.1: Introduction

In this video I provide some motivation behind the development of quantum mechanics, kicking off a new series on everything you've been wondering about quantum mechanics! Twitter: https://twitter.com/SciencePlease_

From playlist Quantum Mechanics

Video thumbnail

Physical Science 1.0c - What is Physical Science

A look at the topics and ideas included in the study of physical science.

From playlist Physical Science Chapter 1 (Complete chapter)

Video thumbnail

Logic: The Structure of Reason

As a tool for characterizing rational thought, logic cuts across many philosophical disciplines and lies at the core of mathematics and computer science. Drawing on Aristotle’s Organon, Russell’s Principia Mathematica, and other central works, this program tracks the evolution of logic, be

From playlist Logic & Philosophy of Mathematics

Video thumbnail

What Is Data Science?

Data science describes the activities related to collecting, storing and creating value from data. Creating value from data means using it to do useful things, like making better decisions. By analyzing data we can detect patterns in it and understand the process that generated it. This i

From playlist Data Science Dictionary

Video thumbnail

Intro to Data Science: What is Data Science?

This lecture provides an overview of the various components of data science, including data collection, cleaning, and curation, along with visualization, analysis, and machine learning (i.e. building models with data). These will be some of the topics discussed in this lecture series.

From playlist Intro to Data Science

Video thumbnail

Physical Science 1.1a - Introduction to Motion

An introduction to the physics of motion, and a brief look at some ideas from Archimedes, Thales, and Aristotle. From the Physical Science course by Derek Owens.

From playlist Physical Science Chapter 1 (Complete chapter)

Video thumbnail

10 Tips and Tricks I Wish I Knew Before Becoming An Actuarial Science Major (Actuary Major)

In this video I want to tell you all the advice that I wish I knew before I became an actuarial science major. Being an actuary major isn't easy, it's even harder when you don't know these 10 pieces of advice I wish I knew before becoming an actuarial science major. Some of the links bel

From playlist Math Talk

Video thumbnail

Actuarial Science For Math Majors

Some of the links below are affiliate links. As an Amazon Associate I earn from qualifying purchases. If you purchase through these links, it won't cost you any additional cash, but it will help to support my channel. Thank you! ►PRODUCT RECOMMENDATIONS https://www.amazon.com/shop/brithem

From playlist Math Talk

Video thumbnail

Actuarial Science Mistakes (Watch out for these!)

If you’ve seen some of my other videos on actuarial science you’ll know I have plenty of thoughts on the subject. What you might not know is I actually have a ton of regrets to go along with them. These are my top regrets on actuarial science. Putting way too much pressure on myself to p

From playlist Math Talk

Video thumbnail

SketchySVD - Joel Tropp, California Institute of Technology

This workshop - organised under the auspices of the Isaac Newton Institute on “Approximation, sampling and compression in data science” — brings together leading researchers in the general fields of mathematics, statistics, computer science and engineering. About the event The workshop ai

From playlist Mathematics of data: Structured representations for sensing, approximation and learning

Video thumbnail

5 High Paying Jobs For Math Majors (That Aren't Teaching)

As requested, here is my list of high paying/in demand careers for mathematics majors that have (almost) nothing to do with teaching. Happy earning fellow math majors! 1. Actuary Actuaries essentially put a price tag on uncertainty.Actuaries use lots of probability theory, financial math

From playlist Math Talk

Video thumbnail

Computer Science Terminology

Learn computer science terminology. We'll take a dive into understanding some of the terms used in computer science and software development. The video starts with the basics and then gets more advanced. Video from Forrest Knight. Check out his channel: https://www.youtube.com/channel/UC

From playlist Computer Science Concepts

Video thumbnail

10 Things I Wish I Knew Before Becoming An Actuarial Science Major (Actuary Major)

In this video I want to tell you all the things that I wish I knew before I became an actuarial science major. Being an actuary major isn't easy, it's even harder when you don't know these 10 things I wish I knew before becoming an actuarial science major. Some of the links below are aff

From playlist Math Talk

Video thumbnail

My Math Book Collection (Math Books)

Some of the links below are affiliate links. As an Amazon Associate I earn from qualifying purchases. If you purchase through these links, it won't cost you any additional cash, but it will help to support my channel. Thank you! Get the Books! (affiliate links) Schaum's Guide http://amzn.

From playlist Math Book Reviews

Video thumbnail

How I Decided to Be a Math Major (Mathematics Major)

Here's a quick story about how I ended up majoring in math. Have a wonderful day! Some of the links below are affiliate links. As an Amazon Associate I earn from qualifying purchases. If you purchase through these links, it won't cost you any additional cash, but it will help to support m

From playlist Math Talk

Video thumbnail

Mathematica User Story: Francois Roth

Francois Roth describes how he uses Mathematica in his current positioning to fulfill his responsibilities in data processing, management control, actuary, finance, results and balances. In French.

From playlist Customer Stories

Video thumbnail

Why I Ditched Actuarial Science

Actuarial Science is a fantastic field and career for many people! It turns out it wasn't for me. Some of the links below are affiliate links. As an Amazon Associate I earn from qualifying purchases. If you purchase through these links, it won't cost you any additional cash, but it will h

From playlist Math Talk

Video thumbnail

What is Quantum Mechanics?

Subscribe to our YouTube Channel for all the latest from World Science U. Visit our Website: http://www.worldscienceu.com/ Like us on Facebook: https://www.facebook.com/worldscienceu Follow us on Twitter: https://twitter.com/worldscienceu

From playlist Science Unplugged: Quantum Mechanics

Video thumbnail

What is Science? by Pierre Hohenberg (New York University)

28 December 2016, 16:00 to 17:00 VENUE ICTS campus, Bengaluru In this talk we propose a new definition of science based on the distinction between the activity of scientists and the product of that activity: the former is denoted (lower-case) science and the latter (upper-case) Science. Th

From playlist DISTINGUISHED LECTURES

Video thumbnail

Dr John Steele talks about our programs and courses at Girls Do the Maths 2021 at UNSW Sydney.

Dr John Steele of UNSW Mathematics and Statistics speaks about our programs and courses at Girls Do the Maths 2021 at UNSW Sydney, June 2021.

From playlist Girls Do the Maths 2021

Related pages

Asset allocation | Reinsurance | Financial economics | Actuarial notation | Statistics | Collective bargaining | Office of the Chief Actuary | General insurance | Cohort (statistics) | Risk assessment | Present value | Actuarial present value | Actuary | John Graunt | Mathematics | Life table | Stochastic | Mortality rate | Probability theory | Scenario optimization | Ruin theory | Compound interest | Actuarial control cycle | Rational pricing | Demography | Data mining