The problem of determining probability densities from data is important in many fields, in particular in insurance and risk analysis. The method of maximum entropy has proven to be a powerful tool to determine probability densities from a few values of its Laplace transform. This is so, even...

The analysis of loss data is of utmost interest in many branches of the financial and insurance businesses, in structural engineering and in operations research among others. In the financial industry the determination of the distribution of losses is the first step to take in order to compute...

The maximum entropy method was originally proposed as a variational technique to determine probability densities from the knowledge of a few expected values. The applications of the method beyond its original role in statistical physics are manifold. An interesting feature of the method is its...