03875nam 2200949z- 450 991040409220332120231214133102.03-03928-517-3(CKB)4100000011302216(oapen)https://directory.doabooks.org/handle/20.500.12854/58519(EXLCZ)99410000001130221620202102d2020 |y 0engurmn|---annantxtrdacontentcrdamediacrrdacarrierRisk, Ruin and Survival: Decision Making in Insurance and FinanceMDPI - Multidisciplinary Digital Publishing Institute20201 electronic resource (210 p.)3-03928-516-5 Developing techniques for assessing various risks and calculating probabilities of ruin and survival are exciting topics for mathematically-inclined academics. For practicing actuaries and financial engineers, the resulting insights have provided enormous opportunities but also created serious challenges to overcome, thus facilitating closer cooperation between industries and academic institutions. In this book, several renown researchers with extensive interdisciplinary research experiences share their thoughts that, in one way or another, contribute to the betterment of practice and theory of decision making under uncertainty. Behavioral, cultural, mathematical, and statistical aspects of risk assessment and modelling have been explored, and have been often illustrated using real and simulated data. Topics range from financial and insurance risks to security-type risks, from one-dimensional to multi- and even infinite-dimensional risks.Risk, Ruin and Survivalinsurancemultiplicative background risk modelrenewal processdual risk modelcollective risk modelrisk measureaggregate riskLaplace transformtransfer functionrisk managementrisk theorymaximal tail dependenceconstant interest ratepartial integro-differential equationreinsurancefinancial time seriesspatial risk measures and corresponding axiomatic approachcentral limit theoremintegral equationMarkovian arrival processsystematic riskinformation processingdiscounted aggregate claimssurplus processweighted cutsrate of spatial diversificationnational cultureoperational riskcovariancecumulative Parisian ruinspatial dependencebackground risksurvival analysisMonte Carloaggregate discounted claimsstochastic ordersorder statisticmax-stable random fieldscopulashazard modelmultivariate gamma distributioncopulaadvanced measurement approachconcomitantarchimedean copulasrating migrationsruin probabilityclusteringconfidence intervalindividual risk modelnumerical approximationvalue-at-riskRen Jiandongauth1302116Sendova KristinaauthZitikis RicardasauthBOOK9910404092203321Risk, Ruin and Survival: Decision Making in Insurance and Finance3026132UNINA