Addressing Reserves and Pension Funds through Gambler’s Ruin and Generalized Brownian Motion Process

The random walk was used to model the reserve problem. Random walks are a classic example of a stochastic process that can be used to examine a variety of phenomena, including, as in this article, models of reserve evolution. Random walks can also be used to build major complicated systems and as an analytical tool;…
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November 26, 2021 0