Sección: ArtículosTítulo: Challenges with non-informative gamma priors in the Bayesian over-dispersed Poisson reserving model / Mario V. WüthrichAutor: Wüthrich, Mario V.Notas: Sumario: Tables 2 and 3 in England et al. (2012) raise the conjecture that the claims reserves in the Bayesian over-dispersed Poisson (BODP) model with non-informative gamma priors are equal to the claims reserves in the chain-ladder (CL) model (the small differences in the figures could be explained by simulation inaccuracy). We give a counter-example to this conjecture. Moreover, we show that, working with non-informative priors needs a lot of care because a naïve treatment may lead to improper posterior distributions.Registros relacionados: En: Insurance : mathematics and economics. - Oxford : Elsevier, 1990- = ISSN 0167-6687. - 04/03/2013 Volumen 52 Número 2 - marzo 2013 Otras clasificaciones: 6Derechos: In Copyright (InC)Referencias externas:
