volume 5, issue 1, P115-195 1999
DOI: 10.1017/s1357321700000416
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J.M. Pemberton

Abstract: This paper considers actuarial science within the context of the framework provided by the formal study of scientific method. A review of key points of recent developments within the methodology (study of method) of science and the methodology of economics is presented. A characterisation of actuarial science and its methods is then developed using as inputs the United Kingdom actuarial education syllabus and recent work of the profession, most notably Bell et al. (1998). The methods of actuarial science are …

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