The effect of risk parameters on decision making
type: Item
instance of: scholarly article
title: The effect of risk parameters on decision making
zbMATH Open document ID: 0633.62103
DOI: 10.1016/0167-6687(87)90028-X
author: A. M. Nigm
author: M. H. El-Habashi
author: H. I. Hamdy
published in: Insurance Mathematics \& Economics
publication date: 1987-01-01T00:00:00Z
review text: 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.
Mathematics Subject Classification ID: 62P05
Mathematics Subject Classification ID: 62F15
Mathematics Subject Classification ID: 62C10
zbMATH DE Number: 4030786
zbMATH Keywords: severity
zbMATH Keywords: Bayesian prediction
zbMATH Keywords: risk analysis
zbMATH Keywords: gamma and Pareto models
zbMATH Keywords: Numerical examples
MaRDI profile type: Publication
cites work: Q3241504
cites work: Q5572182
full work available at URL: 0167-6687(87)90028-x
OpenAlex ID: W2026200290
description: scientific article; zbMATH DE number 4030786