Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/113882 
Erscheinungsjahr: 
2014
Quellenangabe: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 18 [Publisher:] Universidad Pablo de Olavide [Place:] Sevilla [Year:] 2014 [Pages:] 146-162
Verlag: 
Universidad Pablo de Olavide, Sevilla
Zusammenfassung: 
In this paper, a new heavy-tailed distribution is used to model data with a strong right tail, as often occurs in practical situations. The distribution proposed is derived from the lognormal distribution, by using the Marshall and Olkin procedure. Some basic properties of this new distribution are obtained and we present situations where this new distribution correctly reflects the sample behaviour for the right tail probability. An application of the model to dental insurance data is presented and analysed in depth. We conclude that the generalized lognormal distribution proposed is a distribu- tion that should be taken into account among other possible distributions for insurance data in which the properties of a heavy-tailed distribution are present.
Schlagwörter: 
heavy-tailed
insurance
lognormal distribution
loss distribution
JEL: 
C16
Creative-Commons-Lizenz: 
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