Scale mixtures distributions in insurance applications
In this paper non-normal distributions via scale mixtures are introduced into insurance applications. The symmetric distributions of interest are the Student-t and exponential power (EP) distributions. ... We shall show that the computational burden for the Bayesian calculations is alleviated via the scale mixtures representations.
|Year of publication:||
|Authors:||Choy, S.T. Boris ; Chan, C. M.|
|Institutions:||International Actuarial Association / Actuarial Studies in Non-Life Insurance|
|Type of publication:||Article|
|Classification:||Management of insurance ; Insurance Industry ; Individual Articles ; No country specification|
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