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Premium Calculation Based on Physical Principles

Amir H. Darooneh
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Abstract

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 economic premium principle is derived as a special case of our method.

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Amir H. Darooneh. 2004-01-17. Premium Calculation Based on Physical Principles. https://arxiv.org/abs/cond-mat/0401308

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