Actuarial science is based on statistics.
Frequentist statistics, AFAICT.
It also is based on unscientific dogma related to business ‘best practice’. For instance, asset pricing based on CAPM and other financial assumptions that aren’t vetted by scientists.
Frequentist statistics, AFAICT.
It also is based on unscientific dogma related to business ‘best practice’. For instance, asset pricing based on CAPM and other financial assumptions that aren’t vetted by scientists.