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  #3231  
Old 10-13-2017, 08:40 PM
GBM_ GBM_ is offline
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tapped out after about 6 hours today. that's my new goal for most days for the last week.
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  #3232  
Old 10-13-2017, 08:41 PM
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gz
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ASM does not have a discussion of stimulation, but considering how boring the manual is, maybe it would be a good idea.
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  #3233  
Old 10-13-2017, 08:42 PM
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im ded after 3
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ASM does not have a discussion of stimulation, but considering how boring the manual is, maybe it would be a good idea.
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  #3234  
Old 10-13-2017, 08:43 PM
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plz be easier than 2014
Please baby jesus
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  #3235  
Old 10-13-2017, 08:45 PM
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got some spare time to start memorizing agg variance, risk load formulas and practice panjer. Not even gonna bother with non-poisson panjers. If first ever panjer problem on this exam is something like negative binomial, I will be so pissed
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  #3236  
Old 10-13-2017, 08:58 PM
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bah
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ASM does not have a discussion of stimulation, but considering how boring the manual is, maybe it would be a good idea.
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  #3237  
Old 10-13-2017, 09:15 PM
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ASM does not have a discussion of stimulation, but considering how boring the manual is, maybe it would be a good idea.
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  #3238  
Old 10-13-2017, 09:27 PM
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ASM does not have a discussion of stimulation, but considering how boring the manual is, maybe it would be a good idea.
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  #3239  
Old 10-13-2017, 09:50 PM
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ASM does not have a discussion of stimulation, but considering how boring the manual is, maybe it would be a good idea.
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  #3240  
Old 10-14-2017, 12:29 AM
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Doing Bahnemann cookbook problems and I'm confused by something about the first one (page 49). If $6810 is the average severity of claims greater than 5,000, am I crazy to think I should be able to just subtract $5000 from 6810 and say the mean excess severity above $5000 is $1810? He calculates it out to $1813, and the Bahnemann math does get that answer even if you don't round anything. It doesn't make any sense to me why I can't just reduce all the excess claims by $5000. I actually did a similar subtraction thing for all of them, without ever using 1- F(x), and got answers very close to his but not quite the same. It seems like a perfectly legitimate way to go about solving the problem.

Maybe I'm just tired...
I don't have the cookbook, so I can't comment on the particular problem, but I think you should look at how that 6810 is defined and then compare it with the definition of expected excess severity.
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