Ruin Theory | Actuarial Science, Applied Probability, Michael R. Powers, Renewal Theory, Siméon- Denis Poisson, Stochastic Process

Lambert M. Surhone (u. a.)

ISBN 10: 613048416X / ISBN 13: 9786130484163

Published by OmniScriptum, 2026

About this Item

Ruin Theory | Actuarial Science, Applied Probability, Michael R. Powers, Renewal Theory, Siméon- Denis Poisson, Stochastic Process | Lambert M. Surhone (u. a.) | Taschenbuch | Englisch | 2026 | OmniScriptum | EAN 9786130484163 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu Print on Demand.

Seller Inventory # 113224046

Bibliographic Details

• Title: Ruin Theory | Actuarial Science, Applied Probability, Michael R. Powers, Renewal Theory, Siméon- Denis Poisson, Stochastic Process
• Publisher: OmniScriptum
• Publication Date: 2026
• Language: English
• ISBN 10: 613048416X
• ISBN 13: 9786130484163
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 4D millimeters 220 millimeters width by 150 millimeters height by 4 millimeters depth
• Weight: 113 grams
• Seller catalogs:
  • Bücher

About this title

Synopsis

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Ruin theory, sometimes referred to as collective risk theory, is a branch of actuarial science that studies an insurer''s vulnerability to insolvency based on mathematical modeling of the insurer''s surplus. The theory permits the derivation and calculation of many ruin-related measures and quantities, including the probability of ultimate ruin, the distribution of an insurer''s surplus immediately prior to ruin, the deficit at the time of ruin, the distribution of the first drop in surplus given that the drop occurs, etc. It is also considered as an area of applied probability because most of the techniques and methodologies adopted in ruin theory are based on the application of stochastic processes. Though most problems in ruin theory stem from real-life actuarial studies, it is the mathematical aspects of ruin theory that have drawn much of the attention from actuarial scientists and probabilists in the past few decades.