Code: 01293621

Ruin Probabilities

Name: Ruin Probabilities
Brand: World Scientific Publishing Co Pte Ltd
SKU: 01293621
Price: 222.13 EUR
Availability: InStock
Author: SA ren Asmussen
ISBN: 9789814282529

by SA ren Asmussen

Language: English
Binding: Hardback
Number of pages: 620
Publisher: World Scientific Publishing Co Pte Ltd, 2010
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Book synopsis

The book gives a comprehensive treatment of the classical and modern ruin probability theory. Some of the topics are Lundberg's inequality, the Cramer-Lundberg approximation, exact solutions, other approximations (e.g., for heavy-tailed claim size distributions), finite horizon ruin probabilities, extensions of the classical compound Poisson model to allow for reserve-dependent premiums, Markov-modulation, periodicity, change of measure techniques, phase-type distributions as a computational vehicle and the connection to other applied probability areas, like queueing theory. In this substantially updated and extended second version, new topics include stochastic control, fluctuation theory for Levy processes, Gerber-Shiu functions and dependence.