Tolerance intervals in risk theory (Q1061439)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Tolerance intervals in risk theory |
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Tolerance intervals in risk theory (English)
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1985
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Up to now, the main aim of credibility theory has been to provide statistical models which allow for estimating (net) risk premiums appropriately. In the present note, a simple credibility model based on the percentile principle is introduced. It turns out that there are close connections between the resulting credibility premiums and statistical tolerance limits.
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failure rate
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risk theory
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credibility model
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percentile principle
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credibility premiums
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tolerance limits
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