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On the Integral of Gompertz's Function for expressing the Valuesof Sums depending upon the contingency of life

Published online by Cambridge University Press:  18 August 2016

W. M. Makeham*
Affiliation:
Institute of Actuaries

Extract

Gompertz's Function for expressing the probability of a person surviving anygiven period, x, is . For thepurpose of adapting this expression to the entire period of adult life Ihave added the factor ∈ax. The two expressionsbecome identical in form when the factor∈−δx representing the effect of discount is introduced, and both may therefore becorrectly designated by the name of “Gompertz's Function.”

Type
Research Article
Copyright
Copyright © Institute and Faculty of Actuaries 1873

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