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Bayesian Statistics in Actuarial Science: with Emphasis on Credibility: 15 (Huebner International Series on Risk, Insurance and Economic Security) - Hardcover
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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.
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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.
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- VerlagSpringer
- Erscheinungsdatum1991
- ISBN 10 0792392124
- ISBN 13 9780792392125
- EinbandTapa dura
- SpracheEnglisch
- Anzahl der Seiten254
- Kontakt zum HerstellerNicht verfügbar
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Bayesian Statistics in Actuarial Science : with Emphasis on Credibility
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Gebunden. Zustand: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. 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 prob. Bestandsnummer des Verkäufers 5971334
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Bayesian Statistics in Actuarial Science: With Emphasis on Credibility
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Zustand: Poor. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In poor condition, suitable as a reading copy. Stained pages. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,600grams, ISBN:0792392124. Bestandsnummer des Verkäufers 8614949
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Bayesian Statistics in Actuarial Science
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Springer Netherlands Nov 1991, 1991
ISBN 10: 0792392124
ISBN 13: 9780792392125
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Buch. Zustand: Neu. 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. Bestandsnummer des Verkäufers 9780792392125
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Bayesian Statistics in Actuarial Science
Verlag:
Springer Netherlands, Springer Netherlands Nov 1991, 1991
ISBN 10: 0792392124
ISBN 13: 9780792392125
Neu
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Buch. Zustand: Neu. 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.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 252 pp. Englisch. Bestandsnummer des Verkäufers 9780792392125
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Bayesian Statistics in Actuarial Science : with Emphasis on Credibility
Verlag:
Springer Netherlands, Springer Netherlands, 1991
ISBN 10: 0792392124
ISBN 13: 9780792392125
Neu
Hardcover
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Buch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - 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. Bestandsnummer des Verkäufers 9780792392125
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Bayesian Statistics in Actuarial Science: with Emphasis on Credibility (Huebner International Series on Risk, Insurance and Economic Security, 15)
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Bayesian Statistics in Actuarial Science: with Emphasis on Credibility (Huebner International Series on Risk, Insurance and Economic Security, 15)
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