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Estimation of crop yields and insurance premiums using a shrinkage estimator
Recurso electrónico / electronic resource
MAP20180025761
Estimation of crop yields and insurance premiums using a shrinkage estimator / Sebastain N. Awondo...[et al.]
Sumario: We explore the estimation of crop yields and insurance premiums using a hierarchical Bayes small area estimator. The estimator is evaluated for Area Yield Production (AYP) policy using quasi-simulated corn yields in the United States. Its performance in producing reliable mean county yield and premium estimates is compared to that of a naive estimator. We also investigate the impact of these efficiency improvements on the residual losses between a farm-level policy and AYP. The proposed estimator is found to be substantially more efficient and less biased than the naive estimator
En: North American actuarial journal. - Schaumburg : Society of Actuaries, 1997- = ISSN 1092-0277. - 04/06/2018 Tomo 22 Número 2 - 2018 , p. 289-308
1. Teorema de Bayes ‌. 2. Primas de seguros ‌. 3. Modelos estadísticos ‌. 4. Matemática del seguro ‌. 5. Estados Unidos ‌. I. Awondo, Sebastain N. ‌. II. Title.