My major always can be connected to many important international events. In recent moths, the exchange rate catch all over the world eyes. The most important thing in recent moths is the exchange rate between American and China.
International market will determined the exchange rate. In the world, people use the golden as a standard. It is because that golden is not belong to any countries' currency. Every country do not want to lose money in the international market, therefore, actuaries use their knowledge to help country make others' money. For example, the government of China recent loan to the United State. But according to the international market, the exchange rate between China and America is always changing. If America want to give the money back into China, they need to find a time when the rate become low. If the exchange rate between China and America lower than before, it means that China lose money and America get more money from China. But if the exchange rate become higher than than before, it means that China get more money from America, and America lose money. Last moth the exchange rate between China and America higher than 6.2. It means that one dollar can get 6.2 RMB. But in this month it become 6.19. It means that America will lose 0.01 dollar in every RMB unit. Therefore, the actuarial science become more important than before. Actuaries need to analysis a actual time or period, and during this time help country to make deal to get more profit. This is just like a war, a currency war, and it cannot be end forever.
work cite:
即期汇率一度跌破6.2 人民币再创11个月新低. Sina international finance. 羊城晚报.20th March 2014. 20th March 2014.
Thursday, March 20, 2014
Practicing my Knowledge
My major is Actuarial science. Many times I think in my major if I can learn the manta and accounting courses well. I will work well. But I was wrong.
My friend also study Actuarial science, and now he is working for the actuary test. In this test, there are many questions which will be really connect to the life and work. I ask him to let me do some problems. At first, when I saw the question, I think it will be similar to the book. But when I after reading the question, I find that it is difficult to find any useful information. But in school book, it will be cite that which these data belong to which parts. I find that in real actuarial science, we need to learn how to find the useful message. In book, it just told us which data we need to use. When I find these data in question, I will figure out this question. Many things doing difficult than said.
Therefore, we need to practice how to improve our possibility of read events, it will be help us a lots in the future. It is also difference from any we learned in school.
My friend also study Actuarial science, and now he is working for the actuary test. In this test, there are many questions which will be really connect to the life and work. I ask him to let me do some problems. At first, when I saw the question, I think it will be similar to the book. But when I after reading the question, I find that it is difficult to find any useful information. But in school book, it will be cite that which these data belong to which parts. I find that in real actuarial science, we need to learn how to find the useful message. In book, it just told us which data we need to use. When I find these data in question, I will figure out this question. Many things doing difficult than said.
Therefore, we need to practice how to improve our possibility of read events, it will be help us a lots in the future. It is also difference from any we learned in school.
Contemplating Controversy
Actuarial science belong to mathematics, and in mathematics there are still has many contemplating controversy.
About 300 years ago, people doubt that whether one plus one is equal to two.
Many people think that it is a easy question. It is because that everyone know that the answer is two. It is just like a theorem. Everyone use this equation to calculate other questions, and there are no mistakes. Therefore, these people think they do not need to prove it, because it is a theorem.
But many scientists said that if people cannot prove one plus one is equal to two, it is a false statement. If it is a true statement, we can prove it.
In recent years, jingrui chen, Chinese math scientist use his way to prove it. This way is the best way to prove one to one is two far from now, many people still disagree with it though.
This is the very famous contemplating controversy in math field.
work cite:
Sieve Methods, Academic Press,prod. H. Halberstam and H.E. Richert, 1974. 9th march 2014
"陈式定理." prod.Wikipidea. 9th march 2014.
About 300 years ago, people doubt that whether one plus one is equal to two.
Many people think that it is a easy question. It is because that everyone know that the answer is two. It is just like a theorem. Everyone use this equation to calculate other questions, and there are no mistakes. Therefore, these people think they do not need to prove it, because it is a theorem.
But many scientists said that if people cannot prove one plus one is equal to two, it is a false statement. If it is a true statement, we can prove it.
In recent years, jingrui chen, Chinese math scientist use his way to prove it. This way is the best way to prove one to one is two far from now, many people still disagree with it though.
This is the very famous contemplating controversy in math field.
work cite:
Sieve Methods, Academic Press,prod. H. Halberstam and H.E. Richert, 1974. 9th march 2014
"陈式定理." prod.Wikipidea. 9th march 2014.
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