Quantifying Uncertainty of Insurance Claims Based on Expert Judgments
In Bayesian statistics, prior specification has an important role in determining the quality of posterior estimates. We use expert judgments to quantify uncertain quantities and produce appropriate prior distribution. The aim of this study was to quantify the uncertainty of life insurance claims, es...
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Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
MDPI AG
2025-01-01
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Series: | Mathematics |
Subjects: | |
Online Access: | https://www.mdpi.com/2227-7390/13/2/245 |
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