Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5076517 | Insurance: Mathematics and Economics | 2015 | 12 Pages |
Abstract
These approaches are also used to develop a procedure to determine the distribution of the individual losses from the knowledge of the total loss. Thus, if the only information available is the total loss, and the nature of the frequency of losses is known, the method of maximum entropy provides an efficient method to determine the individual losses as well.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
Erika Gomes-Gonçalves, Henryk Gzyl, Silvia Mayoral,