Zhi-qiang Hua, Shao-hua Yang
Abstract
This paper investigates the probability of ruin for the discrete-time multi-risk model. By using the classical method of large deviation, we obtain the ruin probability within finite horizon, which extends the corresponding results of the discrete-time unit-risk model.
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This paper investigates the probability of ruin for the discrete-time multi-risk model. By using the classical method of large deviation, we obtain the ruin probability within finite horizon, which extends the corresponding results of the discrete-time unit-risk model.
Key concepts: Ruin theory, First-hitting-time model, Discrete time and continuous time, Mathematics, Risk model, Applied mathematics, Unit (ring theory), Probability mass function