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Record W4307703628 · doi:10.3390/jrfm15110500

On the Contaminated Weighted Exponential Distribution: Applications to Modeling Insurance Claim Data

2022· article· en· W4307703628 on OpenAlexvenueno aff
Abbas Mahdavi, Omid Kharazmi, Javier E. Contreras‐Reyes

Bibliographic record

VenueJournal of risk and financial management · 2022
Typearticle
Languageen
FieldDecision Sciences
TopicProbability and Risk Models
Canadian institutionsnot available
FundersFondo Nacional de Desarrollo Científico, Tecnológico y de Innovación Tecnológica
KeywordsOutlierKurtosisExponential familyPrior probabilityRange (aeronautics)EconometricsComputer scienceExponential functionMaximizationExpectation–maximization algorithmSkewnessBayesian probabilityExponential distributionBimodalityStatisticsMathematicsMathematical optimizationMaximum likelihoodEngineering

Abstract

fetched live from OpenAlex

Deriving loss distribution from insurance data is a challenging task, as loss distribution is strongly skewed with heavy tails with some levels of outliers. This paper extends the weighted exponential (WE) family to the contaminated WE (CWE) family, which offers many flexible features, including bimodality and a wide range of skewness and kurtosis. We adopt Expectation-Maximization (EM) and Bayesian approaches to estimate the model, providing the likelihood and the priors for all unknown parameters. Finally, two sets of claims data are analyzed to illustrate the efficiency of the proposed method in detecting outliers.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.004
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Other design · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.699
Threshold uncertainty score0.703

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0040.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.001
Science and technology studies0.0010.000
Scholarly communication0.0000.000
Open science0.0010.001
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.075
GPT teacher head0.320
Teacher spread0.245 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designOther design
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations2
Published2022
Admission routes1
Has abstractyes

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