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The Shapes of Things to Come: Probabilities and Parameters

Michael R. Powers

in Acts of God and Man: Ruminations on Risk and Insurance

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231153676
eISBN:
9780231527057
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231153676.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines complex probability distributions whose shapes make them appropriate for characterizing insurance and other financial risks. In particular, it introduces two important families ... More


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