On 1 March I gave the Worshipful Company of Actuaries lecture at Heriot-Watt University. Here’s the abstract: Being an actuary nowadays is all about modelling, and in this lecture I’ll discuss how we should go about it. We all know that all models are wrong but some are useful – what does this mean in […] Read more
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Over the last few months there have been several interesting pieces about innovation, the size of companies, and other rather loosely connected topics. Back in December, the Schumpeter column in the Economist reviewed an article arguing that large firms are often more innovative than small ones. This seems counter-intuitive – surely small companies are nimble […] Read more