Title of article :
Properties of the power family of fractional age approximations
Author/Authors :
Frostig، نويسنده , , Esther، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2003
Abstract :
We derive some properties of the power family of fractional age approximations introduced by Jones and Mereu [Insur.: Math. Econ. 27 (2000) 261; Insur.: Math. Econ. 30 (2002) 363]. The different approximations are compared with respect to stochastic ordering. We also compare the power approximations with the unknown life survival function.
Keywords :
Force of Mortality , Balducci approximation , Power approximation , Linear approximation , Exponential approximation , stochastic ordering
Journal title :
Insurance Mathematics and Economics
Journal title :
Insurance Mathematics and Economics