The Surprising Origin of Life Tables
A paper from 1693 is a seminal work on estimating populations, longevity, and enabling actuarial science. How long will you live? How does your life expectancy change as you age? Is it better to buy a ten year bond or ten years of life insurance?
Life tables, presented in Edmund Halley's 1693 paper discusses all of this. Learn more in this video, inspired by a small exhibit at London's Science Museum.
Table of Contents
00:00 Introduction
00:51 Life Tables
01:08 Halley's 1693 Paper
03:24 Life Tables today
04:01 1693 vs 2021 Life Expectency
05:38 Conclusion
Halley's original 1693 paper: https://royalsocietypublishing.org/do...
Poland's 2021 life tables: https://stat.gov.pl/en/topics/populat...
US Social Security Life Table: https://www.ssa.gov/oact/STATS/table4...
US Life table methods, and 1900 - 2100 changes: https://www.ssa.gov/oact/NOTES/as120/...