Second Brazilian Conference on Statistical Modelling in Insurance and
    Finance
         

Maresias, August 28 - September 3, 2005



Stochastic Orders and Comparing Risks

Alfred Müller

Comparison of risks is a central topic in actuarial sciences and finance. An important tool for comparing risks is the theory of stochastic orders. In this short course we give a survey on stochastic orders and how they can be used to compare size, variability and dependency of actuarial or financial risks.