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learn, programs

The Actuary vs. the Quant

10.02.12 | Comment?

Who will reign?

The main thing is differences in method.  Actuaries believe in table stability; Quants believe in bicycle stability.  Actuaries look at the cash flows, and make minimal assumptions about markets continuing to operate.  Quants usually assume that market continue to operate.  Actuaries look long-term, and do stress-testing.  Quants look short-term, and do hedging. (Source)

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