ANU - STUDYAT - Credibility Theory

Offered By:	School of Finance and Applied Statistics
Academic Career:	Graduate Coursework
Course Subject:	Statistics
Offered in:	Second Semester, 2010
Unit Value:	6 units
Course Description:	This course involves the study of the concepts of decision theory; the fundamental concepts of Bayesian statistics and the calculation of Bayesian estimators; the fundamental concept of credibility theory; the fundamental concepts of simple experience rating systems; and the application of several techniques for analysing a delay triangle and estimating outstanding claim amounts.
Learning Outcomes:	On completion of this course students should have an understanding of and be able to apply the techniques outlined in the course description.
Indicative Assessment:	Mid-semester Exam (30%) Final Exam (70%)
Workload:	10 hours per week.
Course Classification(s):	AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs. and SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation.
Areas of Interest:	Actuarial Studies
Eligibility:	At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with at least two years of university level statistical and mathematical study including calculus and linear algebra, as well as mathematical statistics and linear regression theory.
Prescribed Texts:	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT8036.pdf
Preliminary Reading:	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT8036.pdf
Indicative Reading List:	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT8036.pdf
Programs:	Graduate Certificate in Actuarial Studies, Master of Applied Statistics, Master of Actuarial Statistics, and Master of Actuarial Studies
Other Information:	For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=STAT8036
Academic Contact:	See http://ecocomm.anu.edu.au/courses/course.asp?code=STAT8036

Credibility Theory STAT8036 - Details