Manchester, United Kingdom

Mathematics in Actuarial Science

Table of contents

Mathematics in Actuarial Science at University of Manchester

Language: English Studies in English
University website: www.manchester.ac.uk
Type: PhD

Definitions and quotes

Actuarial science
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are professionals who are qualified in this field through intense education and experience. In many countries, actuaries must demonstrate their competence by passing a series of rigorous professional examinations.
Mathematics
Mathematics (from Greek μάθημα máthēma, "knowledge, study, learning") is the study of such topics as quantity, structure, space, and change. It has no generally accepted definition.
Science
Science (from Latin scientia, meaning "knowledge") is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.
Mathematics
Who has studied the works of such men as Euler, Lagrange, Cauchy, Riemann, Sophus Lie, and Weierstrass, can doubt that a great mathematician is a great artist? The faculties possessed by such men, varying greatly in kind and degree with the individual, are analogous with those requisite for constructive art. Not every mathematician possesses in a specially high degree that critical faculty which finds its employment in the perfection of form, in conformity with the ideal of logical completeness; but every great mathematician possesses the rarer faculty of constructive imagination.
E. W. Hobson, Presidential Address British Association for the Advancement of Science (1910) Nature Vol. 84 p. 290 as quoted by Robert Édouard Moritz, Memorabilia Mathematica; Or, The Philomath's Quotation-book (1914) p. 184.
Science
The men in the laboratory... cannot be said to observe the actual objects of their curiosity at all. ...The sense data on which the propositions of modern science rest are, for the most part, little photographic spots and blurs, or inky curved lines on paper. ... What is directly observable is only a sign of the "physical fact"; it requires interpretation to yield scientific propositions.
Susanne Langer, Philosophy in a New Key (1942)
Mathematics
I united the majority of well-informed persons into a club, which we called by the name of the Junto, and the object of which was to improve our understandings. ... The first members of our club were...
Thomas Godfrey, a self-taught mathematician, and afterwards inventor of what is now called Hadley's dial; but he had little knowledge out of his own line, and was insupportable in company, always requiring, like the majority of mathematicians that have fallen in my way, an unusual precision in everything that is said, continually contradicting, or making trifling distinctions—a sure way of defeating all the ends of conversation. He very soon left us.
Benjamin Franklin, The Life and Miscellaneous Writings of Benjamin Franklin (1839)
EU researchers successfully designed an innovative system for storing concentrated solar thermal energy. The developed reactor concept promises to make a real contribution to the EU's ambitious energy and climate change targets.
Privacy Policy