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Topic: Actuarial science

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk, particularly in the insurance and finance industries.

More on: Actuarial science

The podcast episodes provided discuss the origins, development, and evolution of actuarial science and its close connections to fields like insurance, medicine, and data analysis.

For example, episode The Birth of Actuarial Science and Life Insurance, Pt. 1 covers the early origins of actuarial science in the 16th-17th centuries, including the role of key figures like Edmond Halley in using mortality data and probability calculations to manage risk.

Episode The Birth of Actuarial Science and Life Insurance, Pt. 2 further explores the challenges faced by the industry, such as concerns about business practices and perceptions of insurance as gambling, as well as the efforts to regulate it.

The episode Behind the Scenes Minis: Wow, Phones discusses the broader connections between actuarial science and various fields, including medicine and literature.

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