Premium Calculation Based on Physical Principles

Amir H. Darooneh

Papers from arXiv.org

Abstract: We consider the concept of equilibrium in economic systems from statistical mechanics viewpoint. A new method is suggested for computing the premium on this basis. The B\"{u}hlmann economic premium principle is derived as a special case of our method.

Date: 2004-01
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:cond-mat/0401308

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