{"id":267,"date":"2018-10-01T17:01:51","date_gmt":"2018-10-01T16:01:51","guid":{"rendered":"http:\/\/blogs.kent.ac.uk\/pgrseminars\/?p=267"},"modified":"2018-10-30T19:15:50","modified_gmt":"2018-10-30T19:15:50","slug":"3-october-aniketh-pittea-stats","status":"publish","type":"post","link":"https:\/\/blogs.kent.ac.uk\/pgrseminars\/2018\/10\/01\/3-october-aniketh-pittea-stats\/","title":{"rendered":"03 October ~ Aniketh Pittea (Act Sci)"},"content":{"rendered":"<p><strong>Note: this session is on Wednesday at 16:00!<\/strong> Chipperfield Extension (building on the other side of the bicycle shed, across from the KBS Sibson exit), Seminar Room 1.<\/p>\n<p><strong>Title<\/strong>: You\u2019re fired!<\/p>\n<p><strong>Abstract<\/strong>: <span style=\"color: #000000;font-family: Calibri;font-size: medium\">\u2018You\u2019re fired!\u2019 The three words candidates from the tv show \u2018the apprentice\u2019 used to fear when facing Donald J Trump in his boardroom (or Lord Sugar if you prefer the UK version). Nobody wants to hear those daunting words but nobody is really safe from hearing them either!<\/span><\/p>\n<p><span style=\"color: #000000;font-family: Calibri;font-size: medium\">\u00a0<\/span><span style=\"color: #000000;font-family: Calibri;font-size: medium\">The financial health of a company can be heavily linked to forecasts and assumptions made by professionals and experts. Poor judgement or decision-making by those \u2018experts\u2019 can thus be very costly to employees, clients and sometimes the whole economy. The 2007-2008 financial crisis is a good example of this.<\/span><\/p>\n<p><span style=\"color: #000000;font-family: Calibri;font-size: medium\">In this talk, I will start by giving an overview of the roles actuaries undertake in insurance companies, pension funds and investment companies. I will then talk about my personal experience working as an actuarial analyst for a life insurance company and show you some of the modelling work I used to do. Finally, I will talk about how some poor assumptions taken by the actuarial team, higher management and shareholders led to the eventual \u2018crash\u2019 of the company!<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Note: this session is on Wednesday at 16:00! Chipperfield Extension (building on the other side of the bicycle shed, across from the KBS Sibson exit), &hellip; <a href=\"https:\/\/blogs.kent.ac.uk\/pgrseminars\/2018\/10\/01\/3-october-aniketh-pittea-stats\/\">Read&nbsp;more<\/a><\/p>\n","protected":false},"author":56654,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[170526],"tags":[],"_links":{"self":[{"href":"https:\/\/blogs.kent.ac.uk\/pgrseminars\/wp-json\/wp\/v2\/posts\/267"}],"collection":[{"href":"https:\/\/blogs.kent.ac.uk\/pgrseminars\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.kent.ac.uk\/pgrseminars\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/pgrseminars\/wp-json\/wp\/v2\/users\/56654"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/pgrseminars\/wp-json\/wp\/v2\/comments?post=267"}],"version-history":[{"count":7,"href":"https:\/\/blogs.kent.ac.uk\/pgrseminars\/wp-json\/wp\/v2\/posts\/267\/revisions"}],"predecessor-version":[{"id":290,"href":"https:\/\/blogs.kent.ac.uk\/pgrseminars\/wp-json\/wp\/v2\/posts\/267\/revisions\/290"}],"wp:attachment":[{"href":"https:\/\/blogs.kent.ac.uk\/pgrseminars\/wp-json\/wp\/v2\/media?parent=267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/pgrseminars\/wp-json\/wp\/v2\/categories?post=267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/pgrseminars\/wp-json\/wp\/v2\/tags?post=267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}