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• W3153178859 abstract "Abstract The classical credibility theory is a cornerstone of experience rating, especially in the field of property and casualty insurance. An obstacle to putting the credibility theory into practice is the conversion of available prior information into a precise choice of crucial hyperparameters. In most real-world applications, the information necessary to justify a precise choice is lacking, so we propose an imprecise credibility estimator that honestly acknowledges the imprecision in the hyperparameter specification. This results in an interval estimator that is doubly robust in the sense that it retains the credibility estimator’s freedom from model specification and fast asymptotic concentration, while simultaneously being insensitive to prior hyperparameter specification." @default.
• W3153178859 created "2021-04-26" @default.
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• W3153178859 date "2021-04-15" @default.
• W3153178859 modified "2023-10-18" @default.
• W3153178859 title "Imprecise credibility theory" @default.
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• W3153178859 doi "https://doi.org/10.1017/s1748499521000117" @default.
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