Connected aspects of risk measure and inequality indices with reliability concepts

Zahra Behdani; Gholam Reza Mohtashami Borzadaran

doi:10.26398/IJAS.0034-015

Connected aspects of risk measure and inequality indices with reliability concepts

Authors

Zahra Behdani Department of Statistics Behbahan Khatam Alanbia University of Technology‎, ‎Behbahan‎, ‎Iran.
Gholam Reza Mohtashami Borzadaran

DOI:

https://doi.org/10.26398/IJAS.0034-015

Keywords:

Risk measures, ‎Inequality indices, ‎Lorenz curve, ‎Value-at-Risk, ‎Conditional Value-at-Risk

Abstract

‎Risk measures play a serious role in the economics of insurance and in the most financial institution‎. ‎The concepts of inequality measures are an important effect in the evaluation of the inequality of income distributions and wealth in economic‎, ‎social sciences‎, ‎and other areas

‎This paper states some properties of inequality indices and risk measure and applications also‎, ‎compare them with each other‎.

‎The main aim of this paper is to investigate the relationship between some inequality measures and risk measures with reliability concepts‎.

‎Specially‎, ‎we are interested in finding the connection between Lorenz ordering and risk measures‎.

Downloads

Published

2023-05-23

How to Cite

Behdani, Z., & Mohtashami Borzadaran, G. R. (2023). Connected aspects of risk measure and inequality indices with reliability concepts. Statistica Applicata - Italian Journal of Applied Statistics, 34(3). https://doi.org/10.26398/IJAS.0034-015