Actuarial Science
- Edmond Halley publishes an article in Philosophical Transactions of the Royal Society on life annuities featuring a life table constructed on the basis of statistics from Breslau provided by Caspar Neumann.
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“Science is a dynamic undertaking directed to lowering the degree of the empiricism involved in solving problems; or, if you prefer, science is a process of fabricating a web of interconnected concepts and conceptual schemes arising from experiments and observations and fruitful of further experiments and observations.”
—James Conant (1893–1978)