Threshold ages for the relation between lifetime entropy and mortality risk
Patrick Meyer and
Gregory Ponthiere ()
Mathematical Social Sciences, 2020, vol. 108, issue C, 1-7
We study the effect of a change in age-specific probability of death on risk about the duration of life measured by Shannon’s entropy defined to the base 2. We first show that a rise in the probability of death at age n increases lifetime entropy at age k≤n if and only if the quantity of information revealed by the event of a death at age n exceeds lifetime entropy at age n+1 divided by the probability to survive from age k to age n+1. There exist, under general conditions, two threshold ages: first, a low threshold age below which a rise in mortality risk decreases lifetime entropy, and above which it raises lifetime entropy; second, a high threshold age above which a rise in mortality risk reduces lifetime entropy. Using French life tables, we show that the gap between those two threshold ages has been increasing over the last two centuries.
Keywords: Mortality risk; Lifetime entropy; Threshold age (search for similar items in EconPapers)
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Working Paper: Threshold Ages for the Relation between Lifetime Entropy and Mortality Risk (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:108:y:2020:i:c:p:1-7
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