{"id":"https://openalex.org/W2773838548","doi":"https://doi.org/10.3233/mas-170413","title":"Statistical Models in Finance and Insurance","display_name":"Statistical Models in Finance and Insurance","publication_year":2017,"publication_date":"2017-12-08","ids":{"openalex":"https://openalex.org/W2773838548","doi":"https://doi.org/10.3233/mas-170413","mag":"2773838548"},"language":"en","primary_location":{"id":"doi:10.3233/mas-170413","is_oa":true,"landing_page_url":"https://doi.org/10.3233/mas-170413","pdf_url":"https://content.iospress.com:443/download/model-assisted-statistics-and-applications/mas413?id=model-assisted-statistics-and-applications%2Fmas413","source":{"id":"https://openalex.org/S2765066696","display_name":"Model Assisted Statistics and Applications","issn_l":"1574-1699","issn":["1574-1699","1875-9068"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310318577","host_organization_name":"IOS Press","host_organization_lineage":["https://openalex.org/P4310318577"],"host_organization_lineage_names":["IOS Press"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Model Assisted Statistics and Applications","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://content.iospress.com:443/download/model-assisted-statistics-and-applications/mas413?id=model-assisted-statistics-and-applications%2Fmas413","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5016040441","display_name":"Arkady Shemyakin","orcid":null},"institutions":[{"id":"https://openalex.org/I161515732","display_name":"University of St. Thomas - Minnesota","ror":"https://ror.org/05vfxvp80","country_code":"US","type":"education","lineage":["https://openalex.org/I161515732"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Arkady Shemyakin","raw_affiliation_strings":["University of St. Thomas, St. Paul, MN, USA"],"affiliations":[{"raw_affiliation_string":"University of St. Thomas, St. Paul, MN, USA","institution_ids":["https://openalex.org/I161515732"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5002755367","display_name":"Vladimir Ladyzhets","orcid":null},"institutions":[{"id":"https://openalex.org/I140172145","display_name":"University of Connecticut","ror":"https://ror.org/02der9h97","country_code":"US","type":"education","lineage":["https://openalex.org/I140172145"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Vladimir Ladyzhets","raw_affiliation_strings":["University of Connecticut, Stanford, CT, USA"],"affiliations":[{"raw_affiliation_string":"University of Connecticut, Stanford, CT, USA","institution_ids":["https://openalex.org/I140172145"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5016040441"],"corresponding_institution_ids":["https://openalex.org/I161515732"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.10910956,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"12","issue":"4","first_page":"303","last_page":"304"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.9811999797821045,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.9811999797821045,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.5291371941566467},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.4131513237953186},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.37176477909088135}],"concepts":[{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.5291371941566467},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4131513237953186},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.37176477909088135}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.3233/mas-170413","is_oa":true,"landing_page_url":"https://doi.org/10.3233/mas-170413","pdf_url":"https://content.iospress.com:443/download/model-assisted-statistics-and-applications/mas413?id=model-assisted-statistics-and-applications%2Fmas413","source":{"id":"https://openalex.org/S2765066696","display_name":"Model Assisted Statistics and Applications","issn_l":"1574-1699","issn":["1574-1699","1875-9068"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310318577","host_organization_name":"IOS Press","host_organization_lineage":["https://openalex.org/P4310318577"],"host_organization_lineage_names":["IOS Press"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Model Assisted Statistics and Applications","raw_type":"journal-article"},{"id":"pmh:oai:ir.stthomas.edu:cas_mathpub-1076","is_oa":false,"landing_page_url":"https://ir.stthomas.edu/cas_mathpub/77","pdf_url":null,"source":{"id":"https://openalex.org/S4377196573","display_name":"UST Research Online (University of St. Thomas - Minnesota)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I161515732","host_organization_name":"University of St. Thomas - Minnesota","host_organization_lineage":["https://openalex.org/I161515732"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Mathematics Faculty Publications &amp; Data","raw_type":"text"}],"best_oa_location":{"id":"doi:10.3233/mas-170413","is_oa":true,"landing_page_url":"https://doi.org/10.3233/mas-170413","pdf_url":"https://content.iospress.com:443/download/model-assisted-statistics-and-applications/mas413?id=model-assisted-statistics-and-applications%2Fmas413","source":{"id":"https://openalex.org/S2765066696","display_name":"Model Assisted Statistics and Applications","issn_l":"1574-1699","issn":["1574-1699","1875-9068"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310318577","host_organization_name":"IOS Press","host_organization_lineage":["https://openalex.org/P4310318577"],"host_organization_lineage_names":["IOS Press"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Model Assisted Statistics and Applications","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.6700000166893005}],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2773838548.pdf","grobid_xml":"https://content.openalex.org/works/W2773838548.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2899084033","https://openalex.org/W1502198272","https://openalex.org/W2017540542","https://openalex.org/W1998718379","https://openalex.org/W2073254488","https://openalex.org/W2006758266","https://openalex.org/W2084227502","https://openalex.org/W2066504725","https://openalex.org/W2010938771","https://openalex.org/W2778042569"],"abstract_inverted_index":{"The":[0,240],"special":[1,49],"issue":[2,33,50,282],"of":[3,42,58,64,66,79,120,126,128,133,139,145,164,168,178,211,218,230,267,273,289,298,302,311,324],"Model":[4],"Assisted":[5],"Statistics":[6],"and":[7,19,34,71,81,106,113,142,170,215,234,249,254,261,291,327],"Applications,":[8],"12":[9],"(4)":[10],"2017,":[11],"is":[12,51,174,202,283],"dedicated":[13],"to":[14,27,53,69,152,206],"Statistical":[15,131],"Models":[16],"in":[17,84,183,222,265,280],"Finance":[18],"Insurance.":[20],"As":[21],"Guest":[22],"Editors,":[23],"we":[24],"would":[25],"like":[26],"introduce":[28],"seven":[29],"papers":[30],"comprising":[31],"the":[32,36,40,43,48,54,85,137,143,165,186,194,208,212,216,219,228,231,278,286,295,309,325],"present":[35],"unifying":[37],"ideas":[38],"explaining":[39],"choice":[41],"content.":[44],"Our":[45],"goal":[46],"for":[47,159,237,245,258,308],"offering":[52],"readers":[55],"a":[56,61,160,223,235,246,271,320],"variety":[57],"topics":[59],"representing":[60],"wide":[62],"range":[63],"applications":[65],"statistical":[67,250],"methods":[68,313],"insurance":[70,171,292,328],"finance,":[72],"requiring":[73,300],"new":[74,238,241,247,312],"methodological":[75],"approaches.":[76],"Classical":[77],"development":[78,310],"financial":[80,134,169,242,290,326],"actuarial":[82],"mathematics":[83],"20-th":[86,220],"century":[87,221],"including":[88],"such":[89],"fundamental":[90],"achievements":[91],"as":[92],"Markowitz":[93],"model,":[94],"CAPM,":[95],"Black-Scholes":[96],"formula,":[97],"Buhlmann\u2019s":[98],"credibility":[99],"theory,":[100],"CDO":[101],"pricing":[102],"using":[103],"Gaussian":[104],"copulas":[105],"others,":[107],"was":[108,149],"effectively":[109],"based":[110],"on":[111,118,285],"mean":[112],"covariance,":[114],"thus,":[115],"heavily":[116],"relying":[117],"accuracy":[119],"an":[121,175],"open":[122],"or":[123],"hidden":[124],"assumption":[125],"normality":[127,301],"underlying":[129],"variables.":[130,305],"analysis":[132],"variables":[135,148,260],"emphasized":[136],"estimation":[138],"distribution":[140,256],"moments,":[141],"study":[144],"dependence":[146],"between":[147],"mostly":[150],"reduced":[151],"correlation":[153,264],"analysis.":[154,276],"This":[155],"approach":[156,233],"worked":[157],"successfully":[158],"while.":[161],"However,":[162],"one":[163],"principal":[166],"challenges":[167],"risk":[172,259],"modeling":[173,195,304],"extreme":[176],"fluidity":[177],"their":[179,268],"universe,":[180],"at":[181],"least":[182],"comparison":[184],"with":[185],"surrounding":[187],"physical":[188],"world.":[189,329],"When":[190,199],"market":[191],"agents":[192],"trust":[193,201],"assumptions,":[196],"models":[197,204,257],"work.":[198],"this":[200,281],"shaken,":[203],"cease":[205],"reflect":[207],"reality.":[209],"Realities":[210],"last":[213],"decades":[214],"turn":[217],"most":[224],"painful":[225],"way":[226],"demonstrated":[227],"inadequacy":[229],"classical":[232],"need":[236],"developments.":[239],"environment":[243],"called":[244],"mathematical":[248],"methodology.":[251],"Introducing":[252],"asymmetric":[253],"tail-heavy":[255],"going":[262],"beyond":[263,294],"description":[266],"association":[269],"becomes":[270],"staple":[272],"modern":[274,287],"quantitative":[275],"Therefore,":[277],"emphasis":[279],"made":[284],"understanding":[288],"practice":[293],"standard":[296],"set":[297],"assumptions":[299,318],"key":[303],"It":[306],"calls":[307],"under":[314],"somewhat":[315],"more":[316,321],"complicated":[317],"reflecting":[319],"realistic":[322],"view":[323]},"counts_by_year":[],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}
