On statistical independence and fractional age assumptions
This paper discusses the Fractional Independence (FI) assumption and its application on different actuarial functions and distributions. Specifically, it shows the effect of applying the FI assumption on fractional age assumptions, laws of mortality, life insurance and life annuity involving a singl...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
1999
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| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/16557 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | This paper discusses the Fractional Independence (FI) assumption and its application on different actuarial functions and distributions. Specifically, it shows the effect of applying the FI assumption on fractional age assumptions, laws of mortality, life insurance and life annuity involving a single life and multiple life. It also discusses the effect of the FI assumption in multiple decrement functions. |
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