Bayesian Hierarchical Risk Premium Modeling with Model Risk: Addressing Non-Differential Berkson Error
For general insurance pricing, aligning losses with accurate premiums is crucial for insurance companies’ competitiveness. Traditional actuarial models often face challenges like data heterogeneity and mismeasured covariates, leading to misspecification bias. This paper addresses these issues from a...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2024-12-01
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| Series: | Applied Sciences |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2076-3417/15/1/210 |
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