36 lines
1.1 KiB
Markdown
36 lines
1.1 KiB
Markdown
---
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title: Actuarial Science
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tags:
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- topic/risk
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- type/encyclopedia
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---
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# Actuarial Science
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[actuarial science](https://en.wikipedia.org/wiki/Actuarial_science)
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Divorced from its traditional context of insurance,
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actuarial science is determining the optimal price of a service
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given [[uncertainty|uncertain]] cost.
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## Terms
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* [discounted cash flow](https://en.wikipedia.org/wiki/Discounted_cash_flow)
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* [valuation](https://en.wikipedia.org/wiki/Valuation_(finance))
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* [time value of money](https://en.wikipedia.org/wiki/Time_value_of_money)
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* [time preference](https://en.wikipedia.org/wiki/Time_preference)
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* [present value](https://en.wikipedia.org/wiki/Present_value)
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* [Value at risk (VaR)](https://en.wikipedia.org/wiki/Value_at_risk)
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## Resources
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[[loss-models]]
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https://www.wiley.com/en-us/Wiley+Series+in+Probability+and+Statistics-c-1345
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https://www.wiley.com/en-us/Structural+Equation+Modeling%3A+Applications+Using+Mplus%2C+2nd+Edition-p-00045072
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https://www.wiley.com/en-us/Game-Theoretic+Foundations+for+Probability+and+Finance+-p-00027121
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https://www.wiley.com/en-us/Loss+Models%3A+From+Data+to+Decisions%2C+5th+Edition-p-00014549
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