12 citations · 23 across the 8 of their papers we have counts for
5 papers · 1 filter
Utility Function from Maximum Entropy Principle
Amir H. Darooneh
We apply the maximum entropy principle to economic systems in equilibrium and find the density function for the market's wealth. This is the same as price density which is used for…
Non-Life Insurance Pricing: Multi Agents Model
Amir H. Darooneh
We use the maximum entropy principle for pricing the non-life insurance and recover the Bühlmann results for the economic premium principle. The concept of economic equilibrium is…
Premium Calculation Based on Physical Principles
Amir H. Darooneh
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 Bühlmann eco…
Non-Life Insurance Pricing : Statistical Mechanics Viewpoint
Amir H. Darooneh
We consider the insurance company as a physical system which is immersed in its environment (the financial market). The insurer company interacts with the market by exchanging the…
Premium Forecasting of an Insurance Company: Automobile Insurance
M. Ebrahim Fouladvand, Amir H. Darooneh
We present an analytical study of an insurance company. We model the company's performance on a statistical basis and evaluate the predicted annual income of the company in terms o…