Fairness and discrimination, PhD Course, #2 Insurance and risk classes

For the second course, we will get back a little bit on insurance pricing in a context of heterogeneous portfolio, and risk classification (slides are still online on the github repository). The starting point will be the pure premium. See our online textbook, with Michel Denuit, Non Life Insurance Mathematics, for additional motivation. If we have some risk related variables , the pure premium will be the conditional expectation, Here also, we have some law of numbers, for the conditional expected value, This relationship, … <a href=“https://freakonometrics.hypotheses.org/69841" …