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Long-Term Actuarial Math Old Exam MLC Forum

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Old 12-04-2017, 06:55 AM
MemorizingFormulas MemorizingFormulas is offline
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Default How to calculate tPx01 in temporary disability Markov Chain

Please kindly check the picture. Thank you!
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Old 12-04-2017, 08:40 AM
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Gandalf Gandalf is offline
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Originally Posted by MemorizingFormulas View Post
Please kindly check the picture. Thank you!
Why not use Euler's approximation? It's likely the best thing available under exam conditions.

I could point out some other possibilities for real life situations, some of them not feasible under exam conditions, but don't even want to bother suggesting them if they wouldn't help whatever reason you don't want to use Euler.
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