Changes

Actuarial science includes a number of interrelating subjects, including [[probability]] and [[statistics]], [[finance]], and [[economics]]. Historically, actuarial science used [[deterministic]] [[mathematical model|models]] in the construction of tables and premiums. The science has gone through revolutionary changes during the last 30 years due to the proliferation of high speed computers and the [[synergy]] of [[stochastic]] actuarial models with modern financial theory (Frees 1990).

Actuarial science includes a number of interrelating subjects, including [[probability]] and [[statistics]], [[finance]], and [[economics]]. Historically, actuarial science used [[deterministic]] [[mathematical model|models]] in the construction of tables and premiums. The science has gone through revolutionary changes during the last 30 years due to the proliferation of high speed computers and the [[synergy]] of [[stochastic]] actuarial models with modern financial theory (Frees 1990).

Many universities have undergraduate and graduate degree programs in actuarial science. In 2002, a Wall Street Journal survey on the best jobs in the United States listed "actuary" as the second best job (Lee 2002).[http://en.wikipedia.org/wiki/Actuarial_science]

Many universities have undergraduate and graduate degree programs in actuarial science. In 2002, a Wall Street Journal survey on the best jobs in the United States listed "actuary" as the second best job (Lee 2002).[https://en.wikipedia.org/wiki/Actuarial_science]

[[Category: Economics]]

[[Category: Economics]]

[[Category: Statistics]]

[[Category: Statistics]]