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Hardcover Loss Distributions Book

ISBN: 0471879290

ISBN13: 9780471879299

Loss Distributions

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Format: Hardcover

Condition: Very Good

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Book Overview

Devoted to the problem of fitting parametric probability distributions to data, this treatment uniquely unifies loss modeling in one book. Data sets used are related to the insurance industry, but can... This description may be from another edition of this product.

Customer Reviews

1 rating

An Excellent Early Book

I have used this book actively in actuarial and quantitative finance work since it was first published. I've found it invaluable. I've not given it 5 stars only because it has been improved in Klugman's later book on the subject. As the first reveiw mentions, you will need to be familiar with mathematical statistics to use it. Not too high a hurdle for those needing what this book has. The appendix on loss distributions is superb -- it is the cheat sheet I wanted and didn't have to create. Klugman has since had some substantial updates with Wilmot that cost a lot more than this fine old book. You'll get a lot of mileage out of this earlier work, but the updates have quite a bit more at the price of steeper math climbing. Full disclosure: Stuart was one of my professors at University of Iowa, and Robert Hogg was there as well at the time.
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