Browsing by Author "MacDonald, Iain"

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    A stochastic asset-liability model using stable distributions
    (1997) Finkelstein, Gary Steele; Dorrington, Rob; MacDonald, Iain
    The salient feature under examination in this thesis is the assumption that the error terms, ZD(t) and Zy(t), are normally distributed. This assumption is common to most of the stochastic asset models that are in widespread use within the actuarial profession. An example is the well known Wilkie model (Wilkie (1984, 1995)).