scholarly journals Risk Bearing and the Insurance Market

1978 ◽  
Vol 10 (1) ◽  
pp. 12-24 ◽  
Author(s):  
Hans Bühlmann ◽  
Hans U. Gerber
Keyword(s):  
Realistic Model ◽  
Insurance Market ◽  
Special Case ◽  
General Setup

Stimulated by Karl Borch's paper [3] we have tried to analyze the paper written by K. Arrow [1] in 1953. Contrary to Borch's opinion we have some doubt whether this work contains a theory of insurance as a special case. Nevertheless, it has inspired us to this note, which tries to develop a somewhat more realistic model. As a matter of fact, our development is more in the spirit of another paper by Arrow [2]. We, however, have chosen a more general setup, and we believe that our treatment is also different.

On the Concept of the Foreign Exchange Multiplier

1975 ◽  
Vol 14 (2) ◽  
pp. 233-237
Author(s):  
J. Diamond
Keyword(s):  
Foreign Exchange ◽  
Realistic Model ◽  
Domestic Production ◽  
Supply Elasticity ◽  
Aggregate Supply ◽  
Multiplier Effect ◽  
Special Case

Although in recent years there has been increasing recognition of the import¬ance of intermediary imports, the conventional Keynesian treatment of aggregate " supply has-generally been adopted. By assuming supply elasticity and conditions of over-production, such imports are treated as a leakage and-therefore deflationary. This paper investigates another special case which may be a more realistic model for many industrialising economies like Pakistan. Namely, J,y assuming supply bottlenecks and the technical dependence of domestic production on imported inputs, an increase in imports may be inflationary and have an import or foreign exchange multiplier effect.

Rate Conservation Law for Stationary Semimartingales

1993 ◽  
Vol 7 (1) ◽  
pp. 1-17 ◽  
Author(s):  
Indrajit Bardhan ◽  
Karl Sigman
Keyword(s):  
Conservation Law ◽  
Inversion Formula ◽  
Lévy Processes ◽  
Diffusion Processes ◽  
Levy Processes ◽  
Queueing Models ◽  
Uhlenbeck Process ◽  
State Dependent ◽  
Special Case ◽  
General Setup

The Rate Conservation Law (RCL) of Miyazawa [18] is generalized to what we call a General Rate Conservation Law (GRCL) to cover processes of unbounded variation such as Brownian motion and more general Levy processes. The general setup is that of a time-stationary semimartingale Y = [Yt: t ≥ 0], which is allowed to have jumps. From an elementary application of Ito's formula together with the Palm inversion formula, we obtain a law that includes Miya-zawa's RCL as a special case. A variety of applications and connections with the RCL are given. For example, we show that using the GRCL, one can immediately obtain the noted steady-state decomposition results for vacation queueing models, including those obtained by Kella and Whitt [13] for Jump-Levy processes. Other examples include state-dependent diffusion processes such as the Ornstein-Uhlenbeck process.

Extreme self-sacrifice beyond fusion: Moral expansiveness and the special case of allyship

2018 ◽  
Vol 41 ◽  
Author(s):  
Daniel Crimston ◽  
Matthew J. Hornsey
Keyword(s):  
General Theory ◽  
Biological Markers ◽  
Natural Environment ◽  
Relevant Dimension ◽  
Special Case

AbstractAs a general theory of extreme self-sacrifice, Whitehouse's article misses one relevant dimension: people's willingness to fight and die in support of entities not bound by biological markers or ancestral kinship (allyship). We discuss research on moral expansiveness, which highlights individuals’ capacity to self-sacrifice for targets that lie outside traditional in-group markers, including racial out-groups, animals, and the natural environment.

Determination of the phase structure of polymerblends by electron microscopy

1978 ◽  
Vol 36 (1) ◽  
pp. 492-493
Author(s):  
Dr. G. Kaemof
Keyword(s):  
Screw Extruder ◽  
Electron Microscopic ◽  
Thin Sections ◽  
Single Screw Extruder ◽  
Transmission Electron ◽  
The Matrix ◽  
Twin Screw ◽  
Special Case ◽  
Microscopic Investigations

A mixture of polycarbonate (PC) and styrene-acrylonitrile-copolymer (SAN) represents a very good example for the efficiency of electron microscopic investigations concerning the determination of optimum production procedures for high grade product properties.The following parameters have been varied:components of charge (PC : SAN 50 : 50, 60 : 40, 70 : 30), kind of compounding machine (single screw extruder, twin screw extruder, discontinuous kneader), mass-temperature (lowest and highest possible temperature).The transmission electron microscopic investigations (TEM) were carried out on ultra thin sections, the PC-phase of which was selectively etched by triethylamine.The phase transition (matrix to disperse phase) does not occur - as might be expected - at a PC to SAN ratio of 50 : 50, but at a ratio of 65 : 35. Our results show that the matrix is preferably formed by the components with the lower melting viscosity (in this special case SAN), even at concentrations of less than 50 %.

On the influence of specimen thickness in TEM images of super-conducting vortices

1996 ◽  
Vol 54 ◽  
pp. 724-725
Author(s):  
J. Bonevich ◽  
D. Capacci ◽  
G. Pozzi ◽  
K. Harada ◽  
H. Kasai ◽  
...  
Keyword(s):  
Flux Line ◽  
Analytical Form ◽  
Realistic Model ◽  
Electron Holography ◽  
Specimen Thickness ◽  
Flux Tubes ◽  
Analytical Expression ◽  
Flux Lines ◽  
Normal Core ◽  
Two Parameters

The successful observation of superconducting flux lines (fluxons) in thin specimens both in conventional and high Tc superconductors by means of Lorentz and electron holography methods has presented several problems concerning the interpretation of the experimental results. The first approach has been to model the fluxon as a bundle of flux tubes perpendicular to the specimen surface (for which the electron optical phase shift has been found in analytical form) with a magnetic flux distribution given by the London model, which corresponds to a flux line having an infinitely small normal core. In addition to being described by an analytical expression, this model has the advantage that a single parameter, the London penetration depth, completely characterizes the superconducting fluxon. The obtained results have shown that the most relevant features of the experimental data are well interpreted by this model. However, Clem has proposed another more realistic model for the fluxon core that removes the unphysical limitation of the infinitely small normal core and has the advantage of being described by an analytical expression depending on two parameters (the coherence length and the London depth).

Test Validation Without Measurement

2016 ◽  
Vol 32 (3) ◽  
pp. 204-214 ◽  
Author(s):  
Emilie Lacot ◽  
Mohammad H. Afzali ◽  
Stéphane Vautier
Keyword(s):  
Test Data ◽  
Test Scores ◽  
Scientific Explanation ◽  
Test Validation ◽  
Clinical Tests ◽  
Ethical Perspective ◽  
Power Of Test ◽  
Memory Accuracy ◽  
Social Uses ◽  
Special Case

Abstract. Test validation based on usual statistical analyses is paradoxical, as, from a falsificationist perspective, they do not test that test data are ordinal measurements, and, from the ethical perspective, they do not justify the use of test scores. This paper (i) proposes some basic definitions, where measurement is a special case of scientific explanation; starting from the examples of memory accuracy and suicidality as scored by two widely used clinical tests/questionnaires. Moreover, it shows (ii) how to elicit the logic of the observable test events underlying the test scores, and (iii) how the measurability of the target theoretical quantities – memory accuracy and suicidality – can and should be tested at the respondent scale as opposed to the scale of aggregates of respondents. (iv) Criterion-related validity is revisited to stress that invoking the explanative power of test data should draw attention on counterexamples instead of statistical summarization. (v) Finally, it is argued that the justification of the use of test scores in specific settings should be part of the test validation task, because, as tests specialists, psychologists are responsible for proposing their tests for social uses.

A Realistic Model for the 1992-96 Tidal Waves

1997 ◽  
Author(s):  
Srinivas Tadepalli ◽  
Costas Emmanuel Synolakis
Keyword(s):  
Realistic Model ◽  
Tidal Waves

Prediction of Technical Reserves Based on Grey Model — GM(1,1): Evidence from Non-life Egyptian Insurance Market

2019 ◽  
Vol 10 (9) ◽  
pp. 852-860
Author(s):  
Mahmoud Elsayed ◽  
◽  
Amr Soliman ◽  
Keyword(s):  
System Theory ◽  
Grey System Theory ◽  
Insurance Market ◽  
Grey Model ◽  
Loss Ratio ◽  
Grey System ◽  
Mathematical Technique ◽  
Supervisory Authority ◽  
Error Ratio ◽  
Using Data

Grey system theory is a mathematical technique used to predict data with known and unknown characteristics. The aim of our research is to forecast the future amount of technical reserves (outstanding claims reserve, loss ratio fluctuations reserve and unearned premiums reserve) up to 2029/2030. This study applies the Grey Model GM(1,1) using data obtained from the Egyptian Financial Supervisory Authority (EFSA) over the period from 2005/2006 to 2015/2016 for non-life Egyptian insurance market. We found that the predicted amounts of outstanding claims reserve and loss ratio fluctuations reserve are highly significant than the unearned premiums reserve according to the value of Posterior Error Ratio (PER).

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