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Actuarial Theory for Dependent Risks: Measures, Orders and Models
Michel Denuit
€ 137.72
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Description for Actuarial Theory for Dependent Risks: Measures, Orders and Models
Hardcover. Traditional actuarial risk theory focuses on independence between the different random variables. However in recent years the actuarial profession has recognized that efficient risk management increasingly requires an understanding of the strength of dependence between different risks. This book deals with dependent risks in insurance markets. Num Pages: 458 pages, Illustrations. BIC Classification: KFFN. Category: (P) Professional & Vocational. Dimension: 177 x 254 x 30. Weight in Grams: 902.
The increasing complexity of insurance and reinsurance products has seen a growing interest amongst actuaries in the modelling of dependent risks. For efficient risk management, actuaries need to be able to answer fundamental questions such as: Is the correlation structure dangerous? And, if yes, to what extent? Therefore tools to quantify, compare, and model the strength of dependence between different risks are vital. Combining coverage of stochastic order and risk measure theories with the basics of risk management and stochastic dependence, this book provides an essential guide to managing modern financial risk.
* Describes how to model risks in ... Read more
The increasing complexity of insurance and reinsurance products has seen a growing interest amongst actuaries in the modelling of dependent risks. For efficient risk management, actuaries need to be able to answer fundamental questions such as: Is the correlation structure dangerous? And, if yes, to what extent? Therefore tools to quantify, compare, and model the strength of dependence between different risks are vital. Combining coverage of stochastic order and risk measure theories with the basics of risk management and stochastic dependence, this book provides an essential guide to managing modern financial risk.
* Describes how to model risks in ... Read more
Product Details
Format
Hardback
Publication date
2005
Publisher
John Wiley & Sons Inc United Kingdom
Number of pages
458
Condition
New
Number of Pages
480
Place of Publication
New York, United States
ISBN
9780470014929
SKU
V9780470014929
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
About Michel Denuit
Michel Denuit – Michel Denuit is Professor of Statistics and Actuarial Science at the Université catholique de Louvain, Belgium. His major fields of research are risk theory and stochastic inequalities. He (co-)authored numerous articles appeared in applied and theoretical journals and served as member of the editorial board for several journals (including Insurance: Mathematics and Economics). He is a section ... Read more
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