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13_AS_4b_lec_a - Actuarial Statistics Module 4b Ethical...

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Actuarial Statistics – Module 4b: Ethical perspectives Actuarial Statistics Benjamin Avanzi c University of New South Wales (2012) School of Risk and Actuarial Studies [email protected] Module 4b: Ethical perspectives 1/20
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Actuarial Statistics – Module 4b: Ethical perspectives Plan 1 Introduction - Ethics Some elements of definition The process 2 Moral awareness in context: Actuarial applications Discrimination in insurance Heterogeneity in insurance Heterogeneity - Illustrations Discrimination - Illustrations 3 Moral judgement: Possible frameworks Central questions Utilitarianism Deontology A. Asher’s framework 2/20
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Actuarial Statistics – Module 4b: Ethical perspectives Introduction - Ethics Some elements of definition 1 Introduction - Ethics Some elements of definition The process 2 Moral awareness in context: Actuarial applications Discrimination in insurance Heterogeneity in insurance Heterogeneity - Illustrations Discrimination - Illustrations 3 Moral judgement: Possible frameworks Central questions Utilitarianism Deontology A. Asher’s framework 3/20
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Actuarial Statistics – Module 4b: Ethical perspectives Introduction - Ethics Some elements of definition What is ethics? Ethics can be defined as “what is good or right for human beings” (Hoffman and Frederick, 1995) normative : ‘what ought to be’, rather than ‘what is’ proactive (doing good) vs reactive (do no harm) legal vs ethical 3/20
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Actuarial Statistics – Module 4b: Ethical perspectives Introduction - Ethics The process 1 Introduction - Ethics Some elements of definition The process 2 Moral awareness in context: Actuarial applications Discrimination in insurance Heterogeneity in insurance Heterogeneity - Illustrations Discrimination - Illustrations 3 Moral judgement: Possible frameworks Central questions Utilitarianism Deontology A. Asher’s framework 4/20
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Actuarial Statistics – Module 4b: Ethical perspectives Introduction - Ethics The process Embedding ethics in everyday life Process: 1 Moral awareness: identify decisions / situations with moral content, that are ethically sensitive (newspaper test) 2 Moral judgement: framework for analysing the situation—how should I react to this situations, what should I do? 3 Ethical action: what is actually done 4/20
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Actuarial Statistics – Module 4b: Ethical perspectives Moral awareness in context: Actuarial applications Discrimination in insurance 1 Introduction - Ethics Some elements of definition The process 2 Moral awareness in context: Actuarial applications Discrimination in insurance Heterogeneity in insurance Heterogeneity - Illustrations Discrimination - Illustrations 3 Moral judgement: Possible frameworks Central questions Utilitarianism Deontology A. Asher’s framework 5/20
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Actuarial Statistics – Module 4b: Ethical perspectives Moral awareness in context: Actuarial applications Discrimination in insurance What exactly are we doing in actuarial statistics?
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