Accession Number:

ADA036052

Title:

A Survey of Credibility Theory.

Descriptive Note:

Research rept.,

Corporate Author:

CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER

Personal Author(s):

Report Date:

1976-10-01

Pagination or Media Count:

39.0

Abstract:

Credibility theory is the name given by American actuaries to linear estimation formulae developed to experience-rate insurance premiums. These formulae can be viewed as linear Bayesian forecasts of a conditional mean, exact under certain conditions, and best least-squares approximations otherwise. This paper surveys the recent theorectical developments in the actuarial literature, relates these results to other linear estimation methods, and describes a variety of special models and applications. Author

Subject Categories:

  • Economics and Cost Analysis
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE