Orlicz-Lorentz premia and distortion Haezendonck-Goovaerts risk measures

Fuente: arXiv
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Main Authors: Goulard, Aline, Grosse-Erdmann, Karl
Format: Preprint
Published: 2025
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author Goulard, Aline
Grosse-Erdmann, Karl
author_facet Goulard, Aline
Grosse-Erdmann, Karl
contents In financial and actuarial research, distortion and Haezendonck-Goovaerts risk measures are attractive due to their strong properties. They have so far been treated separately. In this paper, following a suggestion by Goovaerts, Linders, Van Weert, and Tank, we introduce and study a new class of risk measure that encompasses the distortion and Haezendonck-Goovaerts risk measures, aptly called the distortion Haezendonck-Goovaerts risk measures. They will be defined on a larger space than the space of bounded risks. We provide situations where these new risk measures are coherent, and explore their risk theoretic properties.
format Preprint
id arxiv_https___arxiv_org_abs_2512_03267
institution arXiv
publishDate 2025
record_format arxiv
spellingShingle Orlicz-Lorentz premia and distortion Haezendonck-Goovaerts risk measures
Goulard, Aline
Grosse-Erdmann, Karl
Risk Management
Probability
Primary 91G70, Secondary 46E30
In financial and actuarial research, distortion and Haezendonck-Goovaerts risk measures are attractive due to their strong properties. They have so far been treated separately. In this paper, following a suggestion by Goovaerts, Linders, Van Weert, and Tank, we introduce and study a new class of risk measure that encompasses the distortion and Haezendonck-Goovaerts risk measures, aptly called the distortion Haezendonck-Goovaerts risk measures. They will be defined on a larger space than the space of bounded risks. We provide situations where these new risk measures are coherent, and explore their risk theoretic properties.
title Orlicz-Lorentz premia and distortion Haezendonck-Goovaerts risk measures
topic Risk Management
Probability
Primary 91G70, Secondary 46E30
url https://arxiv.org/abs/2512.03267