Article ID Journal Published Year Pages File Type
5076517 Insurance: Mathematics and Economics 2015 12 Pages PDF
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.
Related Topics
Physical Sciences and Engineering Mathematics Statistics and Probability
Authors
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