{"id":53,"date":"2014-12-26T00:18:16","date_gmt":"2014-12-26T00:18:16","guid":{"rendered":"http:\/\/frees.pajarel.net\/?page_id=53"},"modified":"2015-02-20T15:42:06","modified_gmt":"2015-02-20T21:42:06","slug":"joint-life-probability-functions","status":"publish","type":"page","link":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/actuarial-mathematics\/classic-joint-life-models\/1-joint-life-fundamentals\/joint-life-probability-functions\/","title":{"rendered":"Joint-Life Probability Functions"},"content":{"rendered":"<p>The distribution function of \\(T=T(xy)\\) is<br \/>\n\\begin{eqnarray*}<br \/>\nF_T(t) &#038;=&#038; \\Pr \\left(T(xy) \\leq t \\right) \\\\ &#038;=&#038;\\Pr(\\min(T(x), T(y)) \\leq t)\\\\<br \/>\n&#038;=&#038; 1- \\Pr(\\min(T(x), T(y)) \\gt t) \\\\<br \/>\n&#038;=&#038; 1- \\Pr(T(x)\\gt  t) \\times \\Pr(T(y) \\gt t) \\\\<br \/>\n&#038;=&#038; 1~-~_t p_x \\times ~_t p_y .<br \/>\n\\end{eqnarray*} We write the survivor function as<br \/>\n\\begin{eqnarray*}<br \/>\n~_t p_{xy} = 1 &#8211; F_T(t) = ~_t p_x \\times ~_t p_y .<br \/>\n\\end{eqnarray*} From this, the density function is<br \/>\n\\begin{eqnarray*}<br \/>\nf_T(t) &#038;=&#038; F^{\\prime}_T(t) = &#8211; \\frac{\\partial}{\\partial t} (~_t p_x \\times ~_t p_y) \\\\<br \/>\n&#038;=&#038; &#8211; \\left( ~_t p_x \\frac{\\partial}{\\partial t} ~_t p_y +<br \/>\n~_t p_y \\frac{\\partial}{\\partial t} ~_t p_x \\right) \\\\<br \/>\n&#038;=&#038; ~_t p_x ( ~_t p_y \\mu_{y+t} )+<br \/>\n~_t p_y (~_t p_x \\mu_{x+t} ) \\\\<br \/>\n&#038;=&#038; ~_t p_x ~_t p_y (\\mu_{x+t}+\\mu_{y+t}) .<br \/>\n\\end{eqnarray*} Thus, the force of mortality is<br \/>\n\\begin{eqnarray*}<br \/>\n\\mu_{xy}(t) = \\frac{f_T(t)}{1-F_T(t)} = \\mu_{x+t}+\\mu_{y+t} .<br \/>\n\\end{eqnarray*} <div class=\"alignleft\"><a href=\"https:\/\/users.ssc.wisc.edu\/~ewfrees\/actuarial-mathematics\/classic-joint-life-models\/1-joint-life-fundamentals\/\" title=\"1. Joint Life Fundamentals\">&#9668 Previous page<\/a><\/div><div class=\"alignright\"><a href=\"https:\/\/users.ssc.wisc.edu\/~ewfrees\/actuarial-mathematics\/classic-joint-life-models\/1-joint-life-fundamentals\/last-survivor-probability-functions\/\" title=\"Last-Survivor Probability Functions\">Next page &#9658<\/a><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The distribution function of (T=T(xy)) is $$ beta $$ $beta$ (beta) begin{eqnarray*} F_T(t) &#038;=&#038; Pr left(T(xy) leq t right)  &#038;=&#038;Pr(min(T(x), T(y)) leq t) &#038;=&#038; 1- Pr(min(T(x), T(y)) gt t)  &#038;=&#038; 1- Pr(T(x)gt t) times Pr(T(y) gt t)  &#038;=&#038; 1~-~_t p_x times ~_t p_y . end{eqnarray*} We write the survivor function as begin{eqnarray*}&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":43,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false},"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P8cLPd-R","acf":[],"_links":{"self":[{"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/pages\/53"}],"collection":[{"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/comments?post=53"}],"version-history":[{"count":8,"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/pages\/53\/revisions"}],"predecessor-version":[{"id":1518,"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/pages\/53\/revisions\/1518"}],"up":[{"embeddable":true,"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/pages\/43"}],"wp:attachment":[{"href":"https:\/\/users.ssc.wisc.edu\/~ewfrees\/wp-json\/wp\/v2\/media?parent=53"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}