Delving Deeper: Differentiated Insurance Contracts
Tanja Van Hecke
Edited by J. Kevin Colligan, Maria Fung, Dan Kalman, and Jeffrey Wanko
May 2012, Volume 105, Issue 9, Page 712
By examining pricing for insurance for a moped, students can explore the theory of systems of inequalities and the topic of distributions in statistics. Fair systems for determining the premium (taking into account cautious and reckless drivers) are considered.
Data Analysis & Statistics