12 citations · 23 across the 8 of their papers we have counts for
4 papers · 1 filter
Physical Picture of the Insurance Market
Amir Hossein Darooneh
We find the wealth distribution for an economic agent in the financial market, in analogy with standard derivation of generaliz Boltzman (Tsallis) factor in statistical mechanics.…
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…