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Stephen Richards

Managing Director

Articles written by Stephen Richards

The importance of checklists

The World Health Organization (WHO) makes available a one-page checklist for use by surgical teams. The WHO claims that this checklist has made "significant reduction in both morbidity and mortality" and is "now used by a majority of surgical providers around the world".  For example, the checklist is used by surgical teams in NHS England.

Kaplan-Meier for actuaries

In Richards & Macdonald (2024) we advocate that actuaries use the Kaplan-Meier estimate of the survival curve.  This is not just because it is an excellent visual communication tool, but also because it is a particularly useful data-quality check.

Tags: Filter information matrix by tag: Kaplan-Meier, Filter information matrix by tag: left-truncation

When is your Poisson model not a Poisson model?

The short answer for mortality work is that your Poisson model is never truly Poisson.  The longer answer is that the true distribution has a similar likelihood, so you will get the same answer from treating it like Poisson.  Your model is pseudo-Poisson, but not actually Poisson.

Tags: Filter information matrix by tag: Poisson distribution, Filter information matrix by tag: survival models

The fundamental 'atom' of mortality modelling

In a recent blog, I looked at the most fundamental unit of observation in a mortality study, namely an individual life.  But is there such a thing as a fundamental unit of modelling mortality?  In Macdonald & Richards (2024) we argue that there is, namely an infinitesimal Bernoulli trial based on the mortality hazard.

Tags: Filter information matrix by tag: survival models, Filter information matrix by tag: product integral

Don't fear the integral!

Actuaries denote with \({}_tp_x\) the probability that a life alive aged exactly \(x\) years will survive a further \(t\) years or more.  The most basic result in survival analysis is the following relationship with the instantaneous mortality hazard, \(\mu_x\):

\[{}_tp_x = e^{-H_x(t)}\qquad(1)\]

where \(H_x(t)\) is the integrated hazard:

\[H_x(t) = \int_0^t\mu_{x+s}ds\qquad(2).\]

Tags: Filter information matrix by tag: survival curve, Filter information matrix by tag: integrated hazard function, Filter information matrix by tag: numerical integration

Seriatim data

In Macdonald & Richards (2024), Angus and I continue our long-standing advocacy for using individual records for mortality analysis, rather than grouped counts of lives.  One argument in our paper is that the individual life is the most irreducible unit of observation in mortality analysis.  After all, any group can be disaggregated into individuals, but further subdivision would just be dismemberment.

Tags: Filter information matrix by tag: deduplication

The interrupted observation

A common approach to teaching students about mortality is to view survival as a Bernoulli trial over one year. This view proposes that, if a life alive now is aged \(x\), whether the life dies in the coming year is a Bernoulli trial with the probability of death equal to \(q_x\).  With enough observations, one can estimate \(\hat q_x\), which is the basis of the life tables historically used by actuaries.

Tags: Filter information matrix by tag: survival models, Filter information matrix by tag: right-censoring

Smoothing

The late Iain Currie was a long-time advocate of smoothing certain parameters in mortality models.  In an earlier blog he showed how smoothing parameters in the Lee-Carter model could improve the quality of the forecast.  As Iain himself wrote, "this idea is not new" and traced its origins to Delwarde, Denuit & Eilers (2007).

Tags: Filter information matrix by tag: P-splines

Impossible Things

Impossibility has often featured in humourous fiction.  From Lewis Carroll's White Queen, who "believed as many as six impossible things before breakfast", to Douglas Adams' Restaurant at the End of the Universe, there is entertainment value in absurdity.

Tags: Filter information matrix by tag: competing risks