Do actuaries avoid prior art?
We don't feel we avoid using it (that implies choosing not to use it) however there are some
Barriers to using prior art
Can't find it - Might use something if we knew where to look
Time - in many roles there isn't sufficient time to invest in trying to improve methods
Lack of pressure to innovate - Often standard techniques are good enough to get the job done.
Comfort factor - not sure how big the benefit is going to be, or how reliable the technique is.
Barriers to sharing prior art
IP concerns - are we giving away our edge, is it company sensitive
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