• Medientyp: E-Artikel
  • Titel: Posterior Regret Γ-Minimax Estimation of Insurance Premium in Collective Risk Model
  • Beteiligte: Boratyńska, Agata
  • Erschienen: Cambridge University Press (CUP), 2008
  • Erschienen in: ASTIN Bulletin, 38 (2008) 1, Seite 277-291
  • Sprache: Englisch
  • DOI: 10.1017/s0515036100015178
  • ISSN: 0515-0361; 1783-1350
  • Schlagwörter: Economics and Econometrics ; Finance ; Accounting
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  • Beschreibung: The collective risk model for the insurance claims is considered. The objective is to estimate a premium which is defined as a functional H specified up to an unknown parameter θ (the expected number of claims). Four principles of calculating a premium are applied. The Bayesian methodology, which combines the prior knowledge about a parameter θ with the knowledge in the form of a random sample is adopted. Two loss functions (the square-error loss function and the asymmetric loss function LINEX) are considered. Some uncertainty about a prior is assumed by introducing classes of priors. Considering one of the concepts of robust procedures the posterior regret Γ-minimax premiums are calculated, as an optimal robust premiums. A numerical example is presented.