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In this document, we examine the effects of the age process on aggregate discounted claims by studying the conditional raw and joint moments, the moment generating function and the distribution function of the increments of compound renewal sums with discounted claims, taking into account the...
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In this paper we develop theoretical criteria and econometric methods to rank policy interventions in terms of welfare when individuals are loss-averse. The new criterion for "loss aversion-sensitive dominance" defines a weak partial ordering of the distributions of policy-induced gains and...
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In the context of life-testing, progressive censoring has been studied extensively. But, all the results have been developed under the key assumption that the units under test are independently distributed. In this paper, we consider progressively Type-II censored order statistics (PCOS-II)...
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