Aspects of Risk Theory is popular PDF and ePub book, written by Jan Grandell in 2012-12-06, it is a fantastic choice for those who relish reading online the Mathematics genre. Let's immerse ourselves in this engaging Mathematics book by exploring the summary and details provided below. Remember, Aspects of Risk Theory can be Read Online from any device for your convenience.
Aspects of Risk Theory Book PDF Summary
Risk theory, which deals with stochastic models of an insurance business, is a classical application of probability theory. The fundamental problem in risk theory is to investigate the ruin possibility of the risk business. Traditionally the occurrence of the claims is described by a Poisson process and the cost of the claims by a sequence of random variables. This book is a treatise of risk theory with emphasis on models where the occurrence of the claims is described by more general point processes than the Poisson process, such as renewal processes, Cox processes and general stationary point processes. In the Cox case the possibility of risk fluctuation is explicitly taken into account. The presentation is based on modern probabilistic methods rather than on analytic methods. The theory is accompanied with discussions on practical evaluation of ruin probabilities and statistical estimation. Many numerical illustrations of the results are given.
Detail Book of Aspects of Risk Theory PDF
- Author : Jan Grandell
- Release : 06 December 2012
- Publisher : Springer Science & Business Media
- ISBN : 9781461390589
- Genre : Mathematics
- Total Page : 186 pages
- Language : English
- PDF File Size : 21,9 Mb
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