Understanding Predictive Analytics and Mortality

What humorous method does Joe use to try and cheat death?

• Exercise

• A life-extending smoothie

• A special diet

• Meditation

What is predictive analytics primarily used for?

• Predicting weather patterns

• Making predictions about future outcomes using historical data

• Developing new mathematical theories

• Creating new social media platforms

Which company is mentioned as a pioneer in using predictive analytics for insurance?

• Google

• Microsoft

• Goldman Sachs

• Lloyd's of London

What mathematical theory is used to explain the predictability of human behavior?

• Law of Large Numbers

• Pythagorean Theorem

• Chaos Theory

• Theory of Relativity

What is a key factor in improving the accuracy of predictive analytics?

• Using a single data point

• Relying solely on human intuition

• Ignoring historical data

• Considering multiple factors and their influence

How does machine learning help in predicting mortality?

• By ignoring all data

• By selecting and weighting factors free from human bias

• By focusing only on age

• By using random guesses

What is the accuracy rate of the AI predictive mortality model mentioned?

• 50%

• 90%

• 60%

• 80%

What does Joe learn about his own life expectancy?

• He has a 10% chance of living to 80

• He has a 50% chance of living to 100

• He has a 37% chance of living to 90

• He will definitely live to 100

What is a 'black swan event' as mentioned in the video?

• A totally unpredictable chaotic event

• An event with no impact

• A common occurrence

• A predictable event

What is the main takeaway Joe shares about predictive analytics?

• It is always inaccurate

• It removes all human choice

• It helps us make informed decisions and understand life better

• It is only useful for scientists