What is formula partial credibility?
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The formula for partial credibility is a technique used to estimate premiums for risks by incorporating a fraction of the risk variance as a loading on the net risk premium . This formula is derived as an optimal estimator that minimizes a suitable loss function . It can be used as an approximation to the variance loaded premium by truncating a series expansion . The credibility theory focuses on estimating pure net risk premiums, but it is also possible to estimate loaded risk premiums by distributing the collective premium proportionally to the loaded risk premium . The formula for partial credibility is applied in various fields, such as economics and insurance, to determine optimal policy design and estimate risk premiums .
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| The paper does not mention the term "formula partial credibility." The paper discusses the use of credibility to organize agents in a partial order based on the relative credibility of their informants. | |
15 Apr 2011 2 Citations | The paper does not provide a specific formula for partial credibility. |
Open access•Posted Content 01 Jan 2008 | The provided paper does not mention the term "formula partial credibility." |
6 Citations | The formula for partial credibility is not explicitly mentioned in the paper. The paper discusses the concept of partial credibility and its implications for optimal policy design, but does not provide a specific formula for it. |
| The paper does not provide a specific formula for partial credibility. |
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