Bayesian Statistics in Actuarial Science
Language: English
Published by Springer Netherlands Nov 1991, 1991
Series: Book 15 of 26 - Huebner International Series on Risk, Insurance and Economic Security
- Hardcover
- New
Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, GermanyBuchWeltWeit Ludwig Meier e.K.
AbeBooks seller since January 11, 2012
Condition: New
£ 141.82
Quantity: 2 available
Add to basketItem description from seller
This item is printed on demand - it takes 3-4 days longer - Neuware -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. 252 pp. Englisch.…
Seller Inventory # 9780792392125
- Title
- Bayesian Statistics in Actuarial Science
- Author
- Stuart A. Klugman
- Publisher
- Springer Netherlands Nov 1991
- Publication year
- 1991
- Condition
- Neu
- Binding
- Buch
- Language
- English
- ISBN 10
- 0792392124
- ISBN 13
- 9780792392125
- Item weight
- 547 grams
- Dimensions
- 241x160x20 mm
- Series
- Book 15 of 26: Huebner International Series on Risk, Insurance and Economic Security
"Synopsis" may belong to another edition of this title.
BuchWeltWeit Ludwig Meier e.K.
Bergisch Gladbach, Germany
AbeBooks seller since January 11, 2012
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