Business & Money | Economics
Bayesian Statistics in Actuarial Science
by Stuart A. Klugman 2020-09-19 11:33:07
image1
COMPARE PRICE
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 ... Read more
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. Less
  • File size
  • Print pages
  • Publisher
  • Publication date
  • Language
  • ISBN
  • 9.25 X 6.1 X 0 in
  • 250
  • Springer Netherlands
  • April 17, 2013
  • eng
  • 9789401708456
autor-image
Stuart A. Klugman
Author
STUART A. KLUGMAN, PhD, is Principal Financial Group Distinguished Professor of Actuarial Science at Drake University. A Fellow of the Society of Actuaries, Dr. Klugman was vice president of the SOA f...
Compare Prices
image
Buy CAD 285.95
image
PDF (drm free, digitally watermarked)
Buy AUD 269.00
Available Discount
12 % OFF
12% off Academic Book Titles (ebooks.com)
Show Coupon Code

See More Details

Description: Back to School Promotion at eBooks.com. 12% off Academic book titles. Landing page is on our academics category page. Static image.

10 % OFF
Save 10% OFF on Student Text Books (ebooks.com)
Show Coupon Code

See More Details

Description: Purchase textbooks at student discounts!

20 % OFF
20% Off on selected Categories
Show Coupon Code

See More Details

Description: 20% Off these Categories- Body Mind & Spirit, Family & Relationships, Foreign Language Study, History, Sports & Recreation. Offer Lasts all through January.

Related Books
view all
image1
Real Estate Development - 4th Edition:
image1
The Economic Consequences of the Peace:
image1
An Inquiry Into the Nature and Causes of the Wealth of Nations:
image1
Learning and Technological Change:
image1
On The Principles of Political Economy and Taxation:
image1
External Finance and Adjustment:
image1
Principles of Islamic Accounting:
image1
Four Introductory Lectures on Political Economy:
image1
The Bitcoin Standard:
image1
Tools für Projektmanagement, Workshops und Consulting:
image1
Creative Economy:
image1
Wiley Interpretation and Application of IFRS Standards:
image1
Frenzied Finance: The Crime of Amalgamated:
image1
International Finance:
image1
Indian Currency and Finance:
image1
Management and Planning in the Leisure Industries:
image1
A Revision of the Treaty; Being a Sequel of The Economic Consequence of the Peace:
image1
John Douglas's Guide to Landing a Career in Law Enforcement:
image1
The Theory of the Leisure Class:
image1
Supply and Demand:
image1
Initiating, Managing and Sustaining Strategic Change:
image1
The Institutional Foundations of East Asian Economic Development:
image1
An Example of Communal Currency: The Facts About the Guernsey Market House:
image1
Migration of Financial Resources to Developing Countries:
image1
The Rise and Fall of Revenue Farming:

Stay in touch.

© 2024 AMPLE READS