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On the Principles to be observed in the Construction of Mortality Tables

Published online by Cambridge University Press:  18 August 2016

William Matthew Makeham*
Affiliation:
Institute of Actuaries

Extract

The remarks which I have to offer for the consideration of this meeting have reference not to the deduction of the probabilities of living and dying from the facts observed, but to the mode of dealing with those probabilities, in their rough state, with the view of rendering them fit for the purpose for which they may ultimately be required.

Type
Research Article
Copyright
Copyright © Institute and Faculty of Actuaries 1866

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References

page 310 note * “Report of John Finlaison, Actuary of the National Debt, on the Evidence and Elementary Facts on which the Tables of Life Annuities are founded." Ordered by the House of Commons to be printed, 31st March, 1829.

page 310 note † “On the Rate of Mortality prevailing amongst the Families of the Peerage during the 19th Century.” By Arthur Hutcheson Bailey and Archibald Day, Esqs. (Assurance Magazine, vol. ix.)

page 310 note ‡ “Tables exhibiting the Law of Mortality deduced from the Combined Experience of Seventeen Life Assurance Offices:” 1843.Google Scholar

page 310 note § “Report and Tables on the Sickness and Mortality among the Members of Friendly Societies.” (Alexander Glen Finlaison, Esq.) Ordered by the House of Commons to be printed, 16th August, 1853.

page 310 note ‖ “Observations in Reference to the Duration of Life amongst the Clergy in England and Wales.” By the Rev. John Hodgson. With a Supplement by Samuel Brown, Esq. 1865.

page 310 note ¶ In this and the following table the annual rate of mortality at the age x is the average of the five years, x – 2, x – 1, x, x + 1, and x + 2; by which arrangement every item of the original observations has its due effect in the condensed tables here given. An exception, however, has been made in the case of the “Government Annuitants,” which are taken, without alteration, from Mr. Finlaison's adjusted series.

page 325 note * The observations on the “Government Annuitants,” if the elementary facts were accessible to the public, would furnish the means of testing the effect of selection without the drawback here adverted to.

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