IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-319-33183-6_2.html
   My bibliography  Save this book chapter

Revolutionary Developments Between 1750 and 1810

In: A History of British Actuarial Thought

Author

Listed:
  • Craig Turnbull

    (Actuary)

Abstract

The second half of the eighteenth century was a remarkable period of development for both probability (and statistics) and actuarial thought (and practice) more broadly. Two fundamentally important fields of statistical and actuarial thought emerged over the period that can each now be seen as a natural flowering of the seeds planted over the previous 100 years. First, a number of major theoretical breakthroughs were made that created the permanent foundations for the inversion of mathematical probability into inferential statistics. Second, the whole-of-life-with-profit policy was conceived and successfully brought to market. This transformed life assurance from a short-term insurance contract into a long-term savings vehicle that strongly resonated with the emerging professional classes of late-Georgian Britain.

Suggested Citation

  • Craig Turnbull, 2017. "Revolutionary Developments Between 1750 and 1810," Springer Books, in: A History of British Actuarial Thought, chapter 2, pages 37-70, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-33183-6_2
    DOI: 10.1007/978-3-319-33183-6_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-319-33183-6_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.