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Bayesian Statistics in Actuarial Science: with Emphasis on Credibility - Huebner International Series on Risk, Insurance and Economic Security Stuart A. Klugman 1992 edition
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Bayesian Statistics in Actuarial Science: with Emphasis on Credibility - Huebner International Series on Risk, Insurance and Economic Security
Stuart A. Klugman
The two greatest advantages to the actuary of the Bayesian approach are that the method is independent of the model and that interval estimates are as easy to obtain as point estimates. The former attribute means that once one learns how to analyze one problem, the solution to similar, but more complex, problems will be no more difficult.
238 pages, biography
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