Thanks for the questions!
Yes, "average" means "mean" throughout.
I calculated those estimates with a LOTUS (population weighted average) approach: multiplying the population's probability of dying at each age by that age itself and taking the sum of those products from ages 0 to infinity. In practice, I took the sum of the products from ages 0 to 1 million because the probability of living past 1 million was so low in these models that there was no contribution to the sum that was more than R's round-to-zero threshold.
And though none of these m...
Thanks Max, you make a good point about differentiating between exponentials, Paretos, and log-normals. It does seem like log-normals are the norm when it comes to these skewed distributions, especially with things like world income. Still, keeping an open mind as to which of the skewed distributions best fits the data can hopefully make these models more robust.
You mentioned the challenges of distinguishing between these heavy-tailed distributions, and I would only add that this challenge increases when viewing these outcomes as interval...
Thanks for the comments! I've updated the syllabus according to the ones you left this morning.
Regarding policy obstacles for technical issues, I think this is a good thing to focus on. I've included some of that in my separate list of discussion points, but it would be good to look into that more.