Asklemmy

43806 readers

1456 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
[email protected]: a community for finding communities

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago

MODERATORS

[email protected]

268

If a person from 1700 asked you your job, would they understand your answer, and if not, how would you explain it to them? (lemm.ee)

submitted 7 months ago by [email protected] to c/[email protected]

383 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Phate18 8 points 7 months ago* (last edited 7 months ago)

I try to predict the future in order to find a way for us to invest the money universities have given us that ensures we can pay scholars a modest wage once they're too old to work. The goal is to not run out of money before the last scholar dies.

I'm a stochastic Asset Liability Modelling specialist in the financial and investment risk function of the asset management company of a pension plan for the university sector.

Stock markets and securities had already existed in various forms for centuries, but pensions and insurance are really more of 19th century phenomenon, as are probabilistic views of the world (closely related). Stochastic analysis is a 20th century beast, and multidimensional non-linear optimisation in financial mathematics is a relatively recent 21st century development!