This is a rant about people who are wrong on the internet. Also, why Huffington Post is a platform for big bad wolves. And why the asymmetric information and importance of financial advice means it’s not okay. Maybe this is just part of Cunningham’s Law. Clickbait headline? Check. “3 Smart Alternatives to Life Insurance“ Numbered…
Briefest of posts today, but amusing to me mostly for its accuracy. Cunningham’s Law states “the best way to get the right answer on the internet is not to ask a question; it’s to post the wrong answer.”
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…
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?“Â 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…
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…
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…
This is my first new post in over two years. There are many reasons for that, and I may get into that in a future post. Â As to why I’m restarting – a conversation with an old friend last night combined with a lunch discussion with an actuarial student a couple of weeks ago has…
