---
title: Actuarial Science
tags:
  - topic/risk
  - type/encyclopedia
---
# Actuarial Science

[actuarial science](https://en.wikipedia.org/wiki/Actuarial_science)

Divorced from its traditional context of insurance,
actuarial science is determining the optimal price of a service
given [[uncertainty|uncertain]] cost.

## Terms

* [discounted cash flow](https://en.wikipedia.org/wiki/Discounted_cash_flow)
* [valuation](https://en.wikipedia.org/wiki/Valuation_(finance))
* [time value of money](https://en.wikipedia.org/wiki/Time_value_of_money)
* [time preference](https://en.wikipedia.org/wiki/Time_preference)
* [present value](https://en.wikipedia.org/wiki/Present_value)

* [Value at risk (VaR)](https://en.wikipedia.org/wiki/Value_at_risk)

## Resources

[[loss-models]]

https://www.wiley.com/en-us/Wiley+Series+in+Probability+and+Statistics-c-1345

https://www.wiley.com/en-us/Structural+Equation+Modeling%3A+Applications+Using+Mplus%2C+2nd+Edition-p-00045072

https://www.wiley.com/en-us/Game-Theoretic+Foundations+for+Probability+and+Finance+-p-00027121

https://www.wiley.com/en-us/Loss+Models%3A+From+Data+to+Decisions%2C+5th+Edition-p-00014549
