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Document Details : Title: Scale Mixtures Distributions in Insurance Applications Author(s): CHOY, S.T.B. , CHAN, C.M. Journal: ASTIN Bulletin Volume: 33 Issue: 1 Date: May 2003 Pages: 93-104 DOI: 10.2143/AST.33.1.1041 Abstract : In this paper non-normal distributions via scale mixtures are introduced into insurance applications. The symmetric distributions of interest are the Student-t and exponential power (EP) distributions. A Bayesian approach is adopted with the aid of simulation to obtain posterior summaries. We shall show that the computational burden for the Bayesian calculations is alleviated via the scale mixtures representations. Illustrative examples are given |
