Bernoulli Selecting Processes in Actuarial Decisions
Bernoulli selecting processes are generally considered as valuable analytical tools for making decisions in many disciplines of particular theoretical and practical importance. The present paper concentrates on the formulation, investigation and actuarial applications of a stochastic model describing a Bernoulli selecting process. It is shown that the formulated stochastic model can substantially support the applicability of such a selecting process for making insurance decisions incorporating significant elements of proactivity.
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- Lisa Meulbroek, 2002. "The Promise and Challenge of Integrated Risk Management," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 5(1), pages 55-66, 09.
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