The effect of risk parameters on decision making (Q1096301)
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scientific article; zbMATH DE number 4030786
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The effect of risk parameters on decision making |
scientific article; zbMATH DE number 4030786 |
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The effect of risk parameters on decision making (English)
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1987
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Sometimes it is hard to discover the connection between traditional risk theory and the decision-making problems arising in the insurance practice. This paper deals with the risk analysis in insurance companies (claims, risk of occurrence of accidents). Moreover, we treat the problem of risk from the Bayesian point of view. We apply our results to some probability models, specifically gamma and Pareto models. Numerical examples are given to illustrate our results.
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severity
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Bayesian prediction
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risk analysis
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gamma and Pareto models
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Numerical examples
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