Probabilistic Foundations of Actuarial Science   [ARCHIVED CATALOG]
2009-2010 Graduate Catalog

STAT 581 - Probabilistic Foundations of Actuarial Science

Actuarial populations. Univariate parametric actuarial distributions including Weibull and Pareto. Multivariate actuarial distributions. Exact and asymptotic relationships among these distributions. Mixtures of distributions. Jointly discrete, continuous, and mixed distributions. Moment, cumulant, and probability generating functions. Transformations of variables, and in-depth study of conditioning, for multivariate distributions. Basic theory of individual and collective risk models for aggregate loss from insurance policies.

Prerequisites & Notes
PRQ: STAT 570 or consent of division.

Credits: 3

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