203-A
Bayesian Analysis Applications in Actuarial Science Using Markov Chain Monte Carlo (MCMC) Methods (Limited Attendance Session)

Thursday, April 3, 2014: 1:00 p.m.
Maryland Suite C (Washington Marriott Wardman Park)
This three-hour limited-attendance session is an introduction to Bayesian Analysis applications in Actuarial Science. It is targeted to practicing actuaries who may want to apply Bayesian Analysis in their work.. There will be examples of actuarial applications. Attendees will learn to use a popular software package, JAGS, to compute the posterior distribution. Participants are expected to bring laptops with RStudio, JAGS and R (with the packages “actuar”,”runjags”, “ChainLadder” and “coda") installed. Attendees will be assigned an actuarial application to analyze using material from the session. Box lunch included. This session is a limited attendance session. It requires advance registration, and tickets will be required at the door.  Late registrants should contact Glenn Meyers (ggmeyers@metrocast,net) to receive scripts for the examples discussed in the workshop.
Presentation 1
Curtis Gary Dean, Lincoln Financial Distinguished Professor of Actuarial Science, Ball State University
Handouts
  • ICA2014 Theory Presentation.pdf (1.6 MB)
  • Presentation 2
    Glenn Meyers, Retired, None
    Handouts
  • ICA2014 MCMC Workshop.pdf (630.2 kB)