Observations on Reversionary Payments

E166906

Observations on Reversionary Payments is an influential 18th-century work by Richard Price that helped lay the foundations of actuarial science and life insurance mathematics.

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Observations on Reversionary Payments canonical 1

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Predicate Object
instanceOf book
non-fiction book
treatise
appliesMethod present value calculations
probabilistic valuation of future payments
use of life tables
associatedWith Society for Equitable Assurances on Lives and Survivorships
author Richard Price
contributedTo development of life tables
foundations of actuarial science
valuation of annuities
valuation of contingent payments
valuation of reversionary interests
valuation of survivorships
countryOfOrigin Great Britain
field actuarial science
demography
financial mathematics
life insurance mathematics
probability theory
firstPublicationYear 1771
genre actuarial science literature
mathematics of finance literature
hasEdition fifth edition
fourth edition
second edition
sixth edition
third edition
historicalSignificance early systematic treatment of life-contingent financial contracts
helped professionalize actuarial practice
influential in the development of life insurance in Britain
influencedField annuity pricing
life insurance
pension fund valuation
social insurance schemes
language English
publicationCentury 18th century
relatedPerson Thomas Bayes
William Morgan (actuary)
relatedWorkByAuthor An Essay on the Principle of Population
surface form: Essay on the Population of England
timePeriod Age of Enlightenment
topic compound interest
contingent reversions
discounting future payments
life annuities
mortality
probabilities of life and death
reversionary payments
survivorship benefits
valuation of life-contingent contracts

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Richard Price notableWork Observations on Reversionary Payments