All

What are you looking for?

All
Projects
Results
Organizations

Quick search

  • Projects supported by TA ČR
  • Excellent projects
  • Projects with the highest public support
  • Current projects

Smart search

  • That is how I find a specific +word
  • That is how I leave the -word out of the results
  • “That is how I can find the whole phrase”

Bayesian Estimation of Event Probability in Accident Insurance

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F14%3A39898767" target="_blank" >RIV/00216275:25410/14:39898767 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Bayesian Estimation of Event Probability in Accident Insurance

  • Original language description

    The objective of this paper is to present Bayesian estimation of selected binomial proportions in accident insurance. The classical approach to point estimation treats parameters as something fixed but unknown. The essential difference in the Bayesian approach to inference is that parameters are treated as random variables and therefore they have probability distributions. In Bayesian approach to estimation we should always start with a priori distribution for unknown parameter, precise or vague according to the information available. In this paper we have derived an algorithm for such a priori estimation of the binomial probability, which allows Bayesian estimates with less square error compared with classical estimates. In article the suggested algorithm has been applied on the data submitted by the Decree No. 20/2008 to the National Bank of Slovakia from insurance companies giving exposure to the accident risk.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    BB - Applied statistics, operational research

  • OECD FORD branch

Result continuities

  • Project

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2014

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    Proceedings of the 11th International Scientific Conference European Financial Systems 2014

  • ISBN

    978-80-210-7153-7

  • ISSN

  • e-ISSN

  • Number of pages

    7

  • Pages from-to

    462-468

  • Publisher name

    Masarykova univerzita

  • Place of publication

    Brno

  • Event location

    Lednice

  • Event date

    Jun 12, 2014

  • Type of event by nationality

    WRD - Celosvětová akce

  • UT code for WoS article