Model selection based on Lorenz and concentration curves, Gini indices and convex order
M Denuit, D Sznajder, J Trufin - Insurance: Mathematics and Economics, 2019 - Elsevier
In order to determine an appropriate amount of premium, statistical goodness-of-fit criteria
must be supplemented with actuarial ones when assessing performance of a given
candidate pure premium. In this paper, concentration curves and Lorenz curves are shown
to provide actuaries with effective tools to evaluate whether a premium is appropriate or to
compare two competing alternatives. The idea is to compare the premium income for sub-
portfolios gathering low risks (identified as low by means of the premiums under …
must be supplemented with actuarial ones when assessing performance of a given
candidate pure premium. In this paper, concentration curves and Lorenz curves are shown
to provide actuaries with effective tools to evaluate whether a premium is appropriate or to
compare two competing alternatives. The idea is to compare the premium income for sub-
portfolios gathering low risks (identified as low by means of the premiums under …
以上显示的是最相近的搜索结果。 查看全部搜索结果