Actuarial @ASAPscience

We call ourselves actuaries, but how many of us could call ourselves scientists as well?  After all, the field we practice is Actuarial Science.

And yes, bulk of our discipline is math and probability based, but let us not kid ourselves that we are unique in our application of these subjects.

• The Random Walk a.k.a Brownian Motion - comes from physics
• Regressive models are scattered across scientific fields from sociology to biology
• Sampling Techniques, a.k.a Experience Studies, are present in marketing and politics
• Game Theory comes from...A Beautiful Mind. Kidding. Economics and psychology

I've always love exploring the science behind the events that we create insurance products for.  Recently, I came across the guys at ASAPscience, and their fun YouTube videos.  Below are a few that pertain to actuarial concepts.

I Get Knocked Down, But I Get up Again

As an actuary, my life revolves around studying the risks of shitty things happening.  I know that the whims of the universe may smite me with some nasty disease or some sleepy bus driver could turn me into a pavement pizza.  As such, I have protected myself and my family from the financial strain of such calamities through the purchase of the various insurance products I've grown to love.  They're like a family that protects my family...

Then came the day that I never saw coming.