Modeling the Future Challenge
Types: Submission, Presentation
Categories: Business, economics, STEM
The Modeling the Future Challenge (MFC) is a new academic competition being developed by The Institute of Competition Sciences for the Actuarial Foundation (TAF). The premise is simple. Students are challenged to develop and present their own mathematical models describing how they envision a new technology or industry will change the future. Successful submissions to the MFC will provide findings supported by mathematical computations. Through this challenge, students will apply mathematics to better understand cutting-edge industries and technologies. They will also learn about how to access highly sought after career opportunities as actuaries and other math related fields. The 2017-2018 challenge topic is on Autonomous Vehicles, one of the fastest moving, exciting, and game-changing technologies of our time. The information in the pages below will provide you with the nuts and bolts of the Modeling the Future Challenge.
Research the technology topic for the year. Develop mathematical models projecting how adoption of the technology may change the future. Then compile the information about your models into a written report describing the change you expect in three areas: (1) the technology industry being discussed (autonomous vehicles for the 2017-2018 challenge), (2) the insurance industry, and (3) another aspect of society at large. Reports will be submitted online with a group of selected finalists invited to the "Modeling the Future Symposium" in New York City to present to a panel of actuaries for the final scholarship awards.
Executive Summary (5 points)
Data Methodology (5 points)
Mathematics Methodology (5 points)
Transportation Analysis (5 points)
Society at Large Analysis
Managing Organization: The Actuarial Foundation
Entry Fee: $0
This competition is open to any 11th or 12th grade high school student in the United States. Students can participate individually or on teams of up to 3 students.
This competition is open to students in High School.
May 8, 2017 1st Informational webinar for educators and coaches (optional)
June 27, 2017 Educator Math Grant applications due (optional)
July 8, 2017 Introductory datasets released & official team registration opens
July 11, 2017 2nd informational webinar for educators (optional)
September 19, 2017 3rd informational webinar for educators (optional)
October 17, 2017 4th informational webinar for educators (optional)
October 28, 2017 Student or team registration due
November 25, 2017 Submissions due
December 20, 2017 Finalists announced
February 26, 2018 Modeling The Future Symposium, presentations, and final awards announced