William Morgan
Published: 2015-07-26
Total Pages: 348
Get eBook
Excerpt from The Principles and Doctrine of Assurances, Annuities on Lives and Contingent Reversions: Stated and Explained The first edition of this work having been published above forty years ago has long been out of print, and my leisure hours for several years have been employed in preparing the present edition; in which not only much additional matter is contained, but the solutions of all the different problems are derived from the real probabilities of life rather than from an hypothesis, which in many cases is found to be so defective as not even to approximate to the truth. Before the year 1788, when I communicated my first paper on the subject to the Royal Society, no attempt, to my knowledge, had been made to solve any problem, involving more than one life in the computation, from the real probabilities of life; but the solutions were derived from the hypothesis of an equal decrement, partly from the want of accurate tables of observation, and partly on account of the facility which it afforded of investigating the most complicated problems in the doctrine of life annuities. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.