https://doi.org/10.1140/epjb/e2004-00363-x
Non-life insurance pricing: multi-agent model
Department of Physics, Zanjan University, P.O. Box
45196-313, Zanjan, Iran
Corresponding author: a darooneh@mail.znu.ac.ir
Received:
12
March
2004
Revised:
10
June
2004
Published online:
26
November
2004
We use the maximum entropy principle for the pricing of non-life insurance and recover the Bühlmann results for the economic premium principle. The concept of economic equilibrium is revised in this respect.
PACS: 89.65.Gh – Economics; econophysics, financial markets, business and management / 05.20.-y – Classical statistical mechanics
© EDP Sciences, Società Italiana di Fisica, Springer-Verlag, 2004
