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On the Numerical Calculation of the Values of Complex Benefits, by means of Formulas of Approximate Summation

Published online by Cambridge University Press:  18 August 2016

George King
Affiliation:
Atlas Assurance Company

Extract

I do not pretend that much which is original will be found in this paper. Previous writers, notably the late Sir J. W. Lubbock, and Messrs. Woolhouse, Sprague, and G. F. Hardy, have, so far as actuarial science is concerned, nearly exhausted the subject of Formulas of Approximate Summation; and from time to time examples have been given of the practical use of the formulas, which have indicated the great facilities they afford to computers. But something in the way of numerical illustration remains to be done in order to bring the formulas into more general use, and to supply that want is my present object.

Type
Research Article
Copyright
Copyright © Institute and Faculty of Actuaries 1887

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References

page 288 note * For a much shorter and more elegant method see the remarks made by Mr. G. P. Hardy in the discussion which followed the reading of this paper.

page 290 note * [No general discussion followed the reading of Mr. Hardy's paper here referred to.—ED. J.I.A.]