302405 (v.2) Risk Theory 401
| Area: | Department of Mathematics and Statistics |
| Credits: | 25.0 |
| Contact Hours: | 3.0 |
| Lecture: | 3 x 1 Hours Weekly |
| Syllabus: | 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. |
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| Unit Outcomes: | On completion of this unit the student will have knowledge and skills in advanced risk theory modelling. |
| Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information. |
| Unit References: | Daykin CD, Pentikaihen T and Pesonen M (1994), Practical Risk Theory for Actuaries, Chapman and Hall. |
| Unit Assessment Breakdown: | Assignments and Projects 40%. Final Examination 60%. This is by grade/mark assessment. |
Current as of: February 2, 2004
CRICOS provider code 00301J
