TY  - BOOK
AU  - Ren, Jiandong
AU  - Sendova, Kristina
AU  - Zitikis, Ricardas
AB  - Developing techniques for assessing various risks and calculating probabilities of ruin and survival are exciting topics for mathematically-inclined academics. For practicing actuaries and financial engineers, the resulting insights have provided enormous opportunities but also created serious challenges to overcome, thus facilitating closer cooperation between industries and academic institutions. In this book, several renown researchers with extensive interdisciplinary research experiences share their thoughts that, in one way or another, contribute to the betterment of practice and theory of decision making under uncertainty. Behavioral, cultural, mathematical, and statistical aspects of risk assessment and modelling have been explored, and have been often illustrated using real and simulated data. Topics range from financial and insurance risks to security-type risks, from one-dimensional to multi- and even infinite-dimensional risks.
DO  - 10.3390/books978-3-03928-517-4
ID  - OAPEN ID: 45981
KW  - insurance
KW  - n/a
KW  - multiplicative background risk model
KW  - renewal process
KW  - dual risk model
KW  - collective risk model
KW  - risk measure
KW  - aggregate risk
KW  - Laplace transform
KW  - transfer function
KW  - risk management
KW  - risk theory
KW  - maximal tail dependence
KW  - constant interest rate
KW  - partial integro-differential equation
KW  - reinsurance
KW  - financial time series
KW  - spatial risk measures and corresponding axiomatic approach
KW  - central limit theorem
KW  - integral equation
KW  - Markovian arrival process
KW  - systematic risk
KW  - information processing
KW  - discounted aggregate claims
KW  - surplus process
KW  - weighted cuts
KW  - rate of spatial diversification
KW  - national culture
KW  - operational risk
KW  - covariance
KW  - cumulative Parisian ruin
KW  - spatial dependence
KW  - background risk
KW  - survival analysis
KW  - Monte Carlo
KW  - aggregate discounted claims
KW  - stochastic orders
KW  - order statistic
KW  - max-stable random fields
KW  - copulas
KW  - hazard model
KW  - multivariate gamma distribution
KW  - copula
KW  - advanced measurement approach
KW  - concomitant
KW  - archimedean copulas
KW  - rating migrations
KW  - ruin probability
KW  - clustering
KW  - confidence interval
KW  - individual risk model
KW  - numerical approximation
KW  - value-at-risk
L1  - https://mdpi.com/books/pdfview/book/2155
LA  - English
LK  - https://directory.doabooks.org/handle/20.500.12854/58519
PB  - MDPI - Multidisciplinary Digital Publishing Institute
PY  - 2020
SN  - 9783039285167
SN  - 9783039285174
TI  - Risk, Ruin and Survival: Decision Making in Insurance and Financenull
ER  - 
