In the traditional actuarial theory, interest factor is not considered generally. But when we consider a long-term risk process, we must consider the time value of money, which is interest problems.
在传统的精算理论中,一般不考虑利率因素,而当我们所考虑的是一种长期的险种的时候,则常常需要考虑货币的时间价值,即利率问题。
The first one is, I might say, a long-term risk theme.
我要说的第一个是,长期风险。
A casino does not have a risk that the law of large numbers will be repealed and a roulette table will be a long-term losing proposition or a craps table will be a long-term losing proposition.
一个赌场不会有,大数定理被替代,或者轮盘赌和,双骰赌博会是长期亏本买卖的风险。
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