Actuarial Outpost
 
Go Back   Actuarial Outpost > Exams - Please Limit Discussion to Exam-Related Topics > SoA/CAS Preliminary Exams > Long-Term Actuarial Math
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

DW Simpson International Actuarial Jobs
Canada  Asia  Australia  Bermuda  Latin America  Europe


Long-Term Actuarial Math Old Exam MLC Forum

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 04-03-2016, 12:18 PM
JoeGot JoeGot is offline
Member
SOA AAA
 
Join Date: Aug 2013
Location: ny
Posts: 328
Default Constant Force and Uniform Mortality (DeMoirves Law)

I'm working through ASM and TIA in parallel (and very behind... :-/ ), and I'm seeing the following difference:

ASM emphasizes that constant force and uniform mortality are rarely on exams, and gives the impression that while they are valuable shortcuts, they shouldn't be focused on.
TIA seems to focus a lot on these simplifications and most of the practice problems (at least that I've seen) use them.

Can anyone weigh in on which approach is 'correct' and is it worth spending lots of time on the shortcuts?

Thanks!
Reply With Quote
  #2  
Old 04-03-2016, 12:24 PM
Bama Gambler's Avatar
Bama Gambler Bama Gambler is offline
James Washer / Notes Contributor
SOA
 
Join Date: Jan 2002
Location: B'ham, AL
Posts: 17,238
Default

CF is useful because many continuous Markov chain problems assume constant transition forces and understanding CF helps with those. DML is not very useful anymore but is still possible on the exam. If you look at my sample exams you will not find any DML problems.
__________________

We help people pass actuarial exams.

Follow us on Twitter, Facebook, and LinkedIn.

Reply With Quote
Reply

Tags
asm, mlc, tia

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 10:26 AM.


Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.12356 seconds with 11 queries