Leases for Lives: Life Contingent Contracts and the Emergence of Actuarial Science in Eighteenth-Century England

ISBN-13: 9781107111769 / Angielski / Twarda / 2017 / 270 str.

David R. Bellhouse

Opis

This work explains the underfunding of early insurance and annuity schemes, and proposes a new view of how actuarial science developed as a discipline.

Recenzje

'Bellhouse (statistics, Univ. of Western Ontario) has produced a one-of-a-kind history of actuarial science in 18th-century England … All collections serving actuarial, history of science, and English history scholarship should have this informative, fascinating book. Summing Up: Recommended.' W. R. Lee, Choice

Spis treści

Preface; 1. Introduction; 2. Mathematics and property in the seventeenth century; 3. Edmond Halley's life table; 4. Halley's impact or lack of it; 5. De Moivre and his early influence; 6. Mathematicians as consultants; 7. Mathematicians and early life insurance companies; 8. The annuity bubble of the 1760s and 70s; 9. The after shocks of the bubble on life annuities; 10. Developments in the life insurance industry in the later eighteenth century; 11. A return to roots; 12. Conclusion; Appendix I. Technical appendix; Appendix II. Life tables; Endnotes; Bibliography; Index.