Board game recommendations (and reasons to use them)

I’ve played plenty of board games in my life. I’m not (only) talking about Monopoly. I went to Cambridge (to visit, very sadly, not to study) in 2003. I found an awesome board game store and tried to buy Diplomacy.  The incredibly wise assistant basically forced me to buy Settlers of Catan before he would […]

Modelling one side of a two-sided problem

Ah models, my old friends. You’re always wrong, but sometimes helpful. Often dangerous too. A recent article in The Actuary magazine addressed whether “de-risking in members’ best interests?”  I say “recent” even though it’s from August because I am a little behind on my The Actuary reading. In the article, the authors demonstrate that by […]

Claims analysis, inflation and discounting (part 2)

This is part 2 of a 3 part series. Part 1 is here. Non-life claims reserves are regularly not discounted, for bad reasons and good. This part of the series looks at the related issue of inflation in claims reserving. (You’ll have to wait for part 3 for me to talk about the analysis that […]

CT Water: News come 4 October?

Not much of value in this shoddily wording reporting on CT’s water shortage, except that we will hear an official update on the water disaster plan on 4 October. This is a topic of direct personal and business relevance, but also of a technical forecasting and measurement perspective. Very little I’ve seen so far gives […]

Does being richer make you feel better than being cooler?

Economists (and actuaries) like to measure things. The easier to measure and the more reliable the measure, the more we like to measure it. This is not unlike the drunk looking for his keys under the street lamp because that’s where the light is even if it isn’t where he dropped the keys. Sometimes the […]

Three Years of Mumbling

I can’t believe how the same blog post is basically exactly relevant, word for word, 3 years later. Eskom produces electricity for the country and makes a profit or a loss doing so. This profit or loss goes back into treasury, which, inefficiencies aside, belongs collectively to the citizens of South Africa. If prices are […]

Secured By miniOrange