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#1




Equilibrium Distribution and LER
The formula for the CDF of the equilibrium distribution would work out to be the same as the LER, correct? I could see that coming in handy if we were given some made up density and asked to compute the LER.

#2




Quote:
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#4




Is the term "equalibrium distribution" used in Loss Models? I'm using ASM and I don't remember it being referred to by that name.

#7




Equilibrium Dist = LER? Hmm!
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Exams How to explain actuarial exams to someone else... Good Einstein quote  "One had to cram all this stuff into one's mind for the examinations, whether one liked it or not. This coercion had such a deterring effect on me that, after I had passed the final examination, I found the consideration of any scientific problems distasteful to me for an entire year." 
#9




just by looking at a Lee diagram, I can see they are not the same thing... LER is the ratio of 2 areas, fe is the ratio of a segment to the total area, and it's a proper distribution that adds up to 1....
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