Read While You Wait - Get immediate ebook access, if available*, when you order a print book

Huebner International Series on Risk, Insurance and Economic Security

Bayesian Statistics in Actuarial Science

with Emphasis on Credibility

Authors: Klugman, Stuart A.

Free Preview

Buy this book

eBook $169.00
price for USA in USD
  • ISBN 978-94-017-0845-6
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $219.99
price for USA in USD
  • ISBN 978-0-7923-9212-5
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually ready to be dispatched within 3 to 5 business days.
Softcover $219.99
price for USA in USD
  • ISBN 978-90-481-5790-7
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually ready to be dispatched within 3 to 5 business days.
About this book

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.

Table of contents (9 chapters)

Table of contents (9 chapters)

Buy this book

eBook $169.00
price for USA in USD
  • ISBN 978-94-017-0845-6
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $219.99
price for USA in USD
  • ISBN 978-0-7923-9212-5
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually ready to be dispatched within 3 to 5 business days.
Softcover $219.99
price for USA in USD
  • ISBN 978-90-481-5790-7
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually ready to be dispatched within 3 to 5 business days.
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Bayesian Statistics in Actuarial Science
Book Subtitle
with Emphasis on Credibility
Authors
Series Title
Huebner International Series on Risk, Insurance and Economic Security
Series Volume
15
Copyright
1992
Publisher
Springer Netherlands
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-94-017-0845-6
DOI
10.1007/978-94-017-0845-6
Hardcover ISBN
978-0-7923-9212-5
Softcover ISBN
978-90-481-5790-7
Series ISSN
0924-5014
Edition Number
1
Number of Pages
XIV, 238
Topics

*immediately available upon purchase as print book shipments may be delayed due to the COVID-19 crisis. ebook access is temporary and does not include ownership of the ebook. Only valid for books with an ebook version. Springer Reference Works and instructor copies are not included.