✦ LIBER ✦
Numerical simulation as a complement to econometric research on workplace safety : 074053 (M50,B50,E40) Kniesner T.J. (∗), Leeth J.D., Indiana University, Bloomington, (∗), Bentley College, Waltham, Journal of Risk and Uncertainty, Vol. 10, nr. 2, 1995, pp. 99–125
- Book ID
- 104299536
- Publisher
- Elsevier Science
- Year
- 1996
- Tongue
- English
- Weight
- 220 KB
- Volume
- 17
- Category
- Article
- ISSN
- 0167-6687
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✦ Synopsis
We investigate the usual method of discretizing loss reserving data by calendar year and show how this procedure may introduce fluctuations in the delay probabilities. These fluctuations, when treated as random fluctuations, possess a special correlation structure and we present a simple credibility method accounting for these fluctuations. The results are illustrated by a numerical example.