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Last year the Mutual Insurance Companies of America celebrated the 200th anniversary of the founding of the first Mutual Insurance Company by Benjamin Franklin and his associates in Philadelphia. As a part of this celebration, this group of businessmen held a three day conference in New York at which some 11 distinguished authorities were invited to express their views on the future of their various special fields. These scholars were not asked to consider the possible effect of their views on the institution of insurance but were allowed a wide latitude in selecting their subjects. In this setting insurance executives listened to dissertations on subjects such as physical science and the future, two centuries of political change, foundations of America's economic greatness, population trends in the United States, psychology—yesterday, today, and tomorrow, American women and American values, and probability and statistics. The lecture on probability and statistics would interest those
Facing the Future's Risks: Studies toward Predicting the Unforeseen. JAMA. 1953;152(3):289. doi:10.1001/jama.1953.03690030089031
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