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Notes on the valuation of tax-free annuities

The valuation of tax-free annuities presents many problems to the actuary. The importance of the subject is evidenced by the number of cases before the Courts in which these annuities are discussed, by the attention given to them in the Legal Notes contributed to the Journal, and by the frequency with which articles appear in the publications of other professional bodies. Much space is devoted to the subject in the well-known standard books relating to law and taxation.

Some observations on Laplace's rule of succession and Perks's rule of indifference

The controversial problem of prior probabilities, inverse inference, and the rule of Bayes-Laplace has recently been brought back into the limelight through Wilfred Perks’s interesting attempt to formulate a new indifference rule for the prior probabilities in the theory of inverse probability. The purpose of this paper is to subject this new theory to a critical appraisal from the point of view of the practical statistician.

Some observations on Laplace's rule of succession and Perks's rule of indifference

The controversial problem of prior probabilities, inverse inference, and the rule of Bayes-Laplace has recently been brought back into the limelight through Wilfred Perks’s interesting attempt to formulate a new indifference rule for the prior probabilities in the theory of inverse probability. The purpose of this paper is to subject this new theory to a critical appraisal from the point of view of the practical statistician.

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