Bayesian Statistics in Actuarial Science

Language: English

Published by Springer Netherlands, Springer Netherlands Nov 1991, 1991

0792392124 / 9780792392125

Series: Book 15 of 26 - Huebner International Series on Risk, Insurance and Economic Security

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This item is printed on demand - Print on Demand Titel. Neuware -The debate between the proponents of 'classical' and 'Bayesian' statistica} methods continues unabated. It is not the purpose of the text to resolve those issues but rather to demonstrate that within the realm of actuarial science there are a number of problems that are particularly suited for Bayesian analysis. This has been apparent to actuaries for a long time, but the lack of adequate computing power and appropriate algorithms had led to the use of various approximations. The two greatest advantages to the actuary of the Bayesian approach are that the method is independent of the model and that interval estimates are as easy to obtain as point estimates. The former attribute means that once one learns how to analyze one problem, the solution to similar, but more complex, problems will be no more difficult. The second one takes on added significance as the actuary of today is expected to provide evidence concerning the quality of any estimates. While the examples are all actuarial in nature, the methods discussed are applicable to any structured estimation problem. In particular, statisticians will recognize that the basic credibility problem has the same setting as the random effects model from analysis of variance.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 252 pp. Englisch.…

Seller Inventory # 9780792392125

Title
Bayesian Statistics in Actuarial Science
Author
Stuart A. Klugman
Publisher
Springer Netherlands, Springer Netherlands Nov 1991
Publication year
1991
Condition
Neu
Binding
Buch
Language
English
ISBN 10
0792392124
ISBN 13
9780792392125
Item weight
547 grams
Dimensions
241x160x20 mm
Series
Book 15 of 26: Huebner International Series on Risk, Insurance and Economic Security

buchversandmimpf2000

Emtmannsberg, BAYE, Germany

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