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-   -   Spring 2019 LTAM Progress Thread (http://www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=336596)

ShundayBloodyShunday 01-22-2019 08:41 AM

Quote:

Originally Posted by NotSmart (Post 9523095)
Excuse me?
Look at my SAT Math score. My SAT scores were so low I had to attend community college. I never even took calculus. My formal math education went up to Trigonometry.

And yet, look where I'm at. I never struggled with a single Actuarial Exam and passed all of them with scores of 8+.

I just disproved the myth that actuaries are good at math.

The bolded is at extreme odds against sitting for an Exam 3 times and getting 0's each time.


And until you get your letters, I would recommend holding off on global statements regarding the "needed math skills" to be successful in this profession. More should be learned from these math skills than a simple understanding of "functional notation" and "how to run through a formula". There is a required way of thinking for this profession (on either side of the fence) that is actually part of most college's mathematics curriculum.

I will say that based on your posting history, you will have a tough time going much further than Spreadsheet Monkey in this profession. NTTAWWT.

VA-Mod├●┤ 01-22-2019 09:38 AM

Reminder that "alt speculation" is not allowed in the professional areas of the AO no matter how well supported you think your claim might be.


Further violations could result in the issuance of infraction points and forced vacation from the AO for a time period.


Thanks for your cooperation.

NotSmart 01-22-2019 09:54 AM

Thank you, mod.

I'm getting real tired of these trolls attacking me and accusing me of lying when I'm just trying to give good advice.

VA-Mod├●┤ 01-22-2019 12:24 PM

Quote:

Originally Posted by NotSmart (Post 9523279)
Thank you, mod.

I'm getting real tired of these trolls attacking me and accusing me of lying when I'm just trying to give good advice.

I would not call what you're posting "good advice".

I have yet to find a working actuary (on either side) that can do their job with only good "memorization skills". And in many cases, the work they do often relies on a solid understanding of the material found on the preliminary Exams, even if they don't perform the skills tested on a daily (or even weekly) basis.

sukkev08 01-22-2019 01:29 PM

Quote:

Originally Posted by magicjello (Post 9523185)
I've seen that TIA has a flashcards app, has anyone used it or anything else like it? I think it sounds like it would be really helpful; however I am not using TIA this sitting.

Anyone at TIA reading this? Would you consider offering the flashcards app as a stand alone purchase?

For me personally, I wouldn't spend too much time just staring at flashcards and memorizing contents. I've been able to glue formulas into my brain by solving problems after "understanding" concepts.

ShundayBloodyShunday 01-22-2019 01:33 PM

"Memorization" is useless when you're asked to develop a rate for a new product.

Or to find a better rating plan.

Gandalf 01-22-2019 01:41 PM

Quote:

Originally Posted by VA-Mod├●┤ (Post 9523529)
I would not call what you're posting "good advice".

I have yet to find a working actuary (on either side) that can do their job with only good "memorization skills". And in many cases, the work they do often relies on a solid understanding of the material found on the preliminary Exams, even if they don't perform the skills tested on a daily (or even weekly) basis.

Quote:

Originally Posted by ShundayBloodyShunday (Post 9523677)
"Memorization" is useless when you're asked to develop a rate for a new product.

Or to find a better rating plan.

Even if memorization is woefully inadequate for doing the job, it might be the most likely route to success on exams. I don't think so, especially not for LTAM. No one except trolls suggests it is.

ShundayBloodyShunday 01-22-2019 01:53 PM

Quote:

Originally Posted by Gandalf (Post 9523702)
Even if memorization is woefully inadequate for doing the job, it might be the most likely route to success on exams. I don't think so, especially not for LTAM. No one except trolls suggests it is.

ITA that for some Exams, "pure memorization" can prove successful. I also know that in some situations, "pure memorization" is the needed "survival" skill to get past one Exam and get the understanding on another Exam (seeing the material in a different context; or a context that you relate to better).

However, I think all you've done with a "pure memorization" mindset to passing (all) Exams is simply trading off when you start doing "the hard work" to have the correct understanding (and skill set) for being a successful actuary.

ShundayBloodyShunday 01-22-2019 01:55 PM

And I like sukkev08's approach: muscle memory over a lot of problems can often lead to a good understanding (or the right kind of understanding) of the material. Certainly having the "practical wisdom" about the material that can often prove more useful than a solid "theoretical" knowledge.

magicjello 01-22-2019 03:22 PM

In my experience, the TIA flashcards aren't necessarily just memorizing formulas to plug and chug into problems, they cover concepts as well as formulas. That said, by nature flash cards are heavy on the formulas and intended for memorization.

I understand what is being said and I agree that you need to understand concepts especially for the written answer portion of LTAM, however I'm going to need to memorize formulas/short cuts, etc in order to be able to get through the MC quickly and accurately with enough time to dedicate to the WA. That is a fact for me.

I'm interested in the app specifically, because I do not want to spend time making physical flashcards since, like has been mentioned, memorization is not the key to this particular prelim. Plus, being able to use an app would give me the ability to study in situations I otherwise couldn't (example: when I'm feeding the baby, or running on the treadmill).

So, anyways...I'm not considering flashcards instead of practice problems, I'm considering flashcards instead of mindlessly scrolling through nonsense on my phone. In this scenario, flashcards are better than nothing, no?

Of course, none of this matters if I can't buy the app independent of the seminar.


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