International Journal of Mathematics and Mathematical Sciences
Volume 29 (2002), Issue 9, Pages 517-524
doi:10.1155/S0161171202008013
Abstract
We assume that we have M candidate insurance models for
describing a process. The models considered consist of a risk
process driven by right-constant, finite-state spaces, jump
processes. Based on observing the history of the risk process,
we propose dynamics whose solutions indicate the likelihoods of
each candidate model.