Expectation Zero Term
ProvedActuarialAnnuities.expectation_zero_termactuarial-scienceannuity-cashflowexpectationsingle-life-annuities
A zero-duration contract's actual expected cashflow is zero.
Mathematical relation:
Timing and admissibility conditions are the exact conditions of the declaration. Cash amounts are per instalment and present values are at valuation time zero.
Preamble
import Mathlib.Data.Real.Basic import Mathlib.Algebra.BigOperators.Group.Finset.Basic import Definitions.Def_actuarial_bExpectedPV
Formal statement
namespace ActuarialAnnuities theorem expectation_zero_term (h a g delta : ℕ) (v : ℝ) (b p : ℕ → ℝ) : bExpectedPV h a 0 g delta v b p = 0 := by sorry end ActuarialAnnuities
Source
Original derived finite-cashflow result, contextual source page 143, Annual life annuities (Chapter 5, section 5.4). D. C. M. Dickson, M. R. Hardy and H. R. Waters (2020), Actuarial Mathematics for Life Contingent Risks, third edition, Cambridge University Press. https://www.cambridge.org/highereducation/books/actuarial-mathematics-for-life-contingent-risks/281DA4E8D523A6B23280ADC3D165AFDA/contents/4EB4E907782E2CD9CF0447D8F5DF1F6E. The cited page identifies the surrounding topic, not a numbered theorem with this exact Lean signature.
Human review
Confirmed by the mission captain (proposal self-audit).
Confirmed by the moderator at approval.