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We introduce a collective model for life insurance where the heterogeneity of each insured, including the health state, is modeled by a diffusion process. This model is influenced by concepts in statistical mechanics. Using the proposed…

General Finance · Quantitative Finance 2020-12-18 Jirô Akahori , Yuuki Ida , Maho Nishida , Shuji Tamada

This paper develops a unified framework for partial identification and inference in stratified experiments with attrition, accommodating both equal and heterogeneous treatment shares across strata. For equal-share designs, we apply recent…

Econometrics · Economics 2026-01-21 Bruno Ferman , Davi Siqueira , Vitor Possebom

In this paper, we suggest an estimator using two auxiliary variables in stratified random sampling. The propose estimator has an improvement over mean per unit estimator as well as some other considered estimators. Expressions for bias and…

Applications · Statistics 2014-04-01 Rajesh Singh , Sachin Malik

We design and implement a novel algorithm for computing a multilevel Monte Carlo (MLMC) estimator of the cumulative distribution function of a quantity of interest in problems with random input parameters or initial conditions. Our approach…

Numerical Analysis · Mathematics 2020-08-26 Søren Taverniers , Daniel M. Tartakovsky

The problem of optimal allocation of samples in surveys using a stratified sampling plan was first discussed by Neyman in 1934. Since then, many researchers have studied the problem of the sample allocation in multivariate surveys and…

Discrete Mathematics · Computer Science 2013-09-25 Jose Andre de Moura Brito , Gustavo Silva Semaan , Pedro Luis do Nascimento Silva , Nelson Maculan

We propose a sampling scheme suitable for reducing a data set prior to selecting a hypothesis with minimum empirical risk. The sampling only considers a subset of the ultimate (unknown) hypothesis set, but can nonetheless guarantee that the…

Machine Learning · Computer Science 2013-06-25 Paul Mineiro , Nikos Karampatziakis

The shrinking rank method is a variation of slice sampling that is efficient at sampling from multivariate distributions with highly correlated parameters. It requires that the gradient of the log-density be computable. At each individual…

Computation · Statistics 2010-11-23 Madeleine B. Thompson , Radford M. Neal

The analysis of the USA 2001 income distribution shows that it can be described by at least two main components, which obey the generalized Tsallis statistics with different values of the q parameter. Theoretical calculations using the gas…

General Finance · Quantitative Finance 2011-05-18 Juan C. Ferrero

Sampling distribution, a foundational concept in statistics, is difficult to understand, since we usually have only one realization of the estimator of interest. In this work, we present an innovative method for helping university students…

Other Statistics · Statistics 2021-07-26 Mariela Sued , Marina Valdora

Public opinion polling is usually done by random sampling from the entire population, treating individual opinions as independent. In the real world, individuals' opinions are often correlated, e.g., among friends in a social network. In…

Social and Information Networks · Computer Science 2016-11-28 Weiran Huang , Liang Li , Wei Chen

Science and engineering problems subject to uncertainty are frequently both computationally expensive and feature nonsmooth parameter dependence, making standard Monte Carlo too slow, and excluding efficient use of accelerated uncertainty…

Numerical Analysis · Mathematics 2021-10-01 Per Pettersson , Sebastian Krumscheid

Online controlled experiments, also known as A/B testing, are the digital equivalent of randomized controlled trials for estimating the impact of marketing campaigns on website visitors. Stratified sampling is a traditional technique for…

A cluster tree provides a highly-interpretable summary of a density function by representing the hierarchy of its high-density clusters. It is estimated using the empirical tree, which is the cluster tree constructed from a density…

Statistics Theory · Mathematics 2017-02-14 Jisu Kim , Yen-Chi Chen , Sivaraman Balakrishnan , Alessandro Rinaldo , Larry Wasserman

Estimating the prevalence of a disease is necessary for evaluating and mitigating risks of its transmission within or between populations. Estimates that consider how prevalence changes with time provide more information about these risks…

Applications · Statistics 2021-11-12 Braden Scherting , Alison Peel , Raina Plowright , Andrew Hoegh

In this review, we present econometric and statistical methods for analyzing randomized experiments. For basic experiments we stress randomization-based inference as opposed to sampling-based inference. In randomization-based inference,…

Methodology · Statistics 2017-10-26 Susan Athey , Guido Imbens

The basic idea of importance sampling is to use independent samples from a proposal measure in order to approximate expectations with respect to a target measure. It is key to understand how many samples are required in order to guarantee…

Computation · Statistics 2017-01-17 S. Agapiou , O. Papaspiliopoulos , D. Sanz-Alonso , A. M. Stuart

In many stochastic problems, the output of interest depends on an input random vector mainly through a single random variable (or index) via an appropriate univariate transformation of the input. We exploit this feature by proposing an…

Computation · Statistics 2021-11-16 Erik Hintz , Marius Hofert , Christiane Lemieux , Yoshihiro Taniguchi

We consider the problem of adaptive stratified sampling for Monte Carlo integration of a differentiable function given a finite number of evaluations to the function. We construct a sampling scheme that samples more often in regions where…

Machine Learning · Statistics 2012-10-22 Alexandra Carpentier , Rémi Munos

We consider two nonparametric estimators for the risk measure of the sum of $n$ i.i.d. individual insurance risks where the number of historical single claims that are used for the statistical estimation is of order $n$. This framework…

Statistics Theory · Mathematics 2015-09-17 Alexandra Lauer , Henryk Zähle

The main aim of the present book is to suggest some improved estimators using auxiliary and attribute information in case of simple random sampling and stratified random sampling and some inventory models related to capacity constraints.…

General Mathematics · Mathematics 2016-09-13 Sachin Malik , Neeraj Kumar , Florentin Smarandache