03912nam 2200973z- 450 9910404092203321202102123-03928-517-3(CKB)4100000011302216(oapen)https://directory.doabooks.org/handle/20.500.12854/58519(oapen)doab58519(EXLCZ)99410000001130221620202102d2020 |y 0engurmn|---annantxtrdacontentcrdamediacrrdacarrierRisk, Ruin and Survival: Decision Making in Insurance and FinanceMDPI - Multidisciplinary Digital Publishing Institute20201 online 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 Survivaladvanced measurement approachaggregate discounted claimsaggregate riskarchimedean copulasbackground riskcentral limit theoremclusteringcollective risk modelconcomitantconfidence intervalconstant interest ratecopulacopulascovariancecumulative Parisian ruindiscounted aggregate claimsdual risk modelfinancial time serieshazard modelindividual risk modelinformation processinginsuranceintegral equationLaplace transformMarkovian arrival processmax-stable random fieldsmaximal tail dependenceMonte Carlomultiplicative background risk modelmultivariate gamma distributionn/anational culturenumerical approximationoperational riskorder statisticpartial integro-differential equationrate of spatial diversificationrating migrationsreinsurancerenewal processrisk managementrisk measurerisk theoryruin probabilityspatial dependencespatial risk measures and corresponding axiomatic approachstochastic orderssurplus processsurvival analysissystematic risktransfer functionvalue-at-riskweighted cutsRen Jiandongauth1302116Sendova KristinaauthZitikis RicardasauthBOOK9910404092203321Risk, Ruin and Survival: Decision Making in Insurance and Finance3026132UNINA