Maybe some, there are also people who cheer for the capacity of humanity to figure out solutions that can benefits humanity. I view the perspective you describe as people externalizing their own insecurity. I do not view it as a critic towards people who have an excess of stored potential energy, but merely a signal that they haven't made peace with their own internal feelings about themselves. They need love, acceptance. They are on their own journey, everyone has the capacity to grow. Let's help everyone.
For anyone who thinks about doing these, here are a few tips for the advanced CAS exams.
- Time is your enemy.
- Use memorization techniques, like a memory palace.
- Grader are looking for key words, be succinct.
- If you do not know, skip. Your brain will figure it out while you work other questions.
- Create your own study material from the syllabus. Anything that is remotely mathematical will be tested at some point.
- Practice being efficient with the tool used to take the exam. Pen or keyboard.
Thank you, this explains it. Because as others pointed out, the provided examples should be solvable with anyone with solid basic knowledge of stochastic.
Hated/Loved doing the exams to get my FCAS. It allowed me to explore my mental capacity. It teaches you how to learn fast, how to memorize, how to be quick at solving problems.
It has been a while, but after getting involved with the exam question writing/grading part, I felt the CAS was too entrenched in their processes. I stopped paying my dues since I did not plan to sign any acturial statement anyway.
I now do data engineering for other actuaries and maintain our tech stack. Think rating engine and ML in production. Code is mostly on github now, we have peer reviews, deploy to kubernetes. It is really is no different than SWE, except we know a lot more about the business side.
In addition to being a language that does almost nothing to encourage good development practices and discourage bad ones, compared to Python the R ecosystem's tooling is just so inferior in every area: IDE, unit/functional testing, ETL, deployment, dependency management, etc. etc.