Actuarial estimate of qx

Discussion in 'CT4' started by deepakraomore, Jan 18, 2016.

  1. deepakraomore

    deepakraomore Member

    To calculate initial exposed to risk, why adding the sum (1-ti) (i.e. residual duration of ith life who died at ti) to the central exposed to risk.
     
  2. John Potter

    John Potter ActEd Tutor Staff Member

    Because this is the difference in their definitions.
    Both sum b-a across censored lives, no difference
    Initial EtR sums 1-a across deaths, central EtR sums t-a across deaths
    So, that's an extra 1-t per life in the initial EtR
    Good luck!
    John
     

Share This Page