302405 (v.2) Risk Theory 401

---

 

Area:	Department of Mathematics and Statistics
Contact Hours:	3.0
Credits:	25.0
Lecture:	3 x 1 Hours Weekly
Utility theory - premium principles, risk models (individual and multiple). Credibility theory - exact, empirical Bayes parameter estimation on non-parametric, semi-parametric and fully parametric basis. Ruin theory - the adjustment coefficients; Lindberg's inequality, exact and asymptotic solutions, the maximum aggregate loss and the general solution.