Back to technical this week – lets talk about Random Sampling [隨機抽樣]. Yes I know that most of you readers are actuaries, or at least have an understanding of basic statistical techniques. Although Random Sampling seems quite simple at first glance, there are quite a …
As we are still in covid [新冠肺炎] times, might as well write about something that has been brought into attention these few years. Business Interruption insurance [停業保] has always existed, but as you can imagine, a lot of companies have had their business interrupted during …
Let me start today’s blog with a question: why do you think companies sell new products? Obviously to make money right? Well, not always – today’s blog is about Loss Leaders [蝕本產品], and this is a pricing strategy [定價策略] that companies often use, and possibly …
Think about a time when you were on public transport [交通工具]. You stayed up late the night before and just want a peaceful, quiet time on the way to work. It seems like everyone is also sharing the same thoughts as you, when suddenly some …
Risk Based Capital [風險資本] is quite a hot topic [熱門話題] in Hong Kong during the recent few years. The reason for this is because there will be regulatory changes [制度改變] to how any insurer calculates the amount of capital that they have to hold. Historically, …
There is a very interesting phenomenon [現象] that I think all of you have observed. It doesn’t matter where in the world you are, as long as you see the word “FREE!”, your eyes will be instantly drawn to it and you will very likely …
My previous blog about exam tips was quite well-received. I think that while you enjoy learning about soft skills and theory, sometimes practical advice might come in handy as well. So I’ll dedicate today’s blog on how to write CVs [履歷]. There are so many …
I keep saying that the perfect actuary is one who is great with numbers, but even better in soft skills and overall knowledge. However, its always good to remind ourselves of the theoretical concepts [理論] in mathematics, and I’ll introduce a relatively easy topic today: …
It’s the 52nd blog, which means its been a year since I’ve started blogging! To remember this special day, I’ve decided to let you guys take a break from theory [理論] and thought I’d give you a bit of insight of an actuary who’s worked …
Quick experiment! Without looking any of these up, for those of you who have played or watched Pokémon [寵物小精靈], try to picture Pikachu’s [比卡超] tail in your minds in terms of the shape and colours. Also, if you’ve ever eaten the chocolate called Kit-Kat / …
A bit of a history [歷史] lesson today. Have you heard of the Luddite movement? Perhaps not, but I’m pretty sure you would know people who are joining the Luddite movement [盧德運動]! If I use a more familiar term, this is a movement which describes …
Still on the theme of Olympics [奧運] this week, and another philosophical topic for all of you guys to think about. Have you ever noticed that some bronze medallists are happier than the people who won silver? Well, some researchers did, and this is all …
Has everyone been following the Olympic games [奧運會]? Sometimes you can tell which sport [運動] some athlete [運動員] plays just by their body shape. This got me thinking about Equity [公平] versus Equality [平等]. This can be a very philosophical [哲學性] debate as to which is right or wrong. …
Remember the blog recently on the diamond and water paradox? Somewhat related to that is Positional Goods [位置性產品], which is the topic of today. Usually when you think about how much something is worth, you generally look at how much supply and demand there is. …
No theory this week! It’s the Summer [夏天] now, and a lot of students may be using these last few weeks to really study as hard as they can before the exams come up in autumn [秋天]. As I’ve sat through quite a number of …