Premium Calculation Based on Physical Principles
classification
❄️ cond-mat.stat-mech
q-fin.PR
keywords
premiumeconomicmethodbasiscalculationcasecomputingconcept
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We consider the concept of equilibrium in economic systems from statistical mechanics viewpoint. A new method is suggested for computing the premium on this basis. The B\"{u}hlmann economic premium principle is derived as a special case of our method.
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