Formulating a stochastic discounting model with actuarial and risk management applications
Part of : Σπουδαί : journal of economics and business ; Vol.62, No.3-4, 2012, pages 7-15
Issue:
Pages:
7-15
Author:
Abstract:
Stochastic discounting models are generally recognized as extremely strong analytical tools for a very wide variety of fundamental areas in the actuarial discipline. The paper is mainly devoted to the formulation, investigation and application in the actuarial discipline of a stochastic discounting model. It is shown that the formulated stochastic discounting model can substantially support the role of proactivity in making insurance decisions.
Subject (LC):
Keywords:
stochastic discounting, risk management, model
Notes:
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References (1):
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