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Non-life insurance pricing: multi-agent model

Abstract.

We use the maximum entropy principle for the pricing of non-life insurance and recover the Bühlmann results for the economic premium principle. The concept of economic equilibrium is revised in this respect.

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Correspondence to A. H. Darooneh.

Additional information

Received: 10 June 2004, Published online: 26 November 2004

PACS:

89.65.Gh Economics; econophysics, financial markets, business and management - 05.20.-y Classical statistical mechanics

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Darooneh, A.H. Non-life insurance pricing: multi-agent model. Eur. Phys. J. B 42, 119–122 (2004). https://doi.org/10.1140/epjb/e2004-00363-x

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Keywords

  • Spectroscopy
  • Entropy
  • Neural Network
  • State Physics
  • Complex System