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Full-Text Articles in Social and Behavioral Sciences
(R1523) Abundant Natural Resources, Ethnic Diversity And Inclusive Growth In Sub-Saharan Africa: A Mathematical Approach, Juliet I. Adenuga, Kazeem B. Ajide, Anthonia T. Odeleye, Abayomi A. Ayoade
(R1523) Abundant Natural Resources, Ethnic Diversity And Inclusive Growth In Sub-Saharan Africa: A Mathematical Approach, Juliet I. Adenuga, Kazeem B. Ajide, Anthonia T. Odeleye, Abayomi A. Ayoade
Applications and Applied Mathematics: An International Journal (AAM)
The sub-Saharan African region is blessed with abundant natural resources and diverse ethnic groups, yet the region is dominated by the largest number of poor people worldwide due to inequitable distribution of national income. Existing statistics forecast decay in the quality of lives over the years compared to the continent of Asia that shares similar history with the region. In this paper, a-five dimensional first-order nonlinear ordinary differential equations was formulated to give insight into various factors that shaped dynamics of inclusive growth in sub-Saharan Africa. The validity test was performed based on ample mathematical theorems and the model was …
(R1505) A Note On Large Deviations In Insurance Risk, Stefan Gerhold
(R1505) A Note On Large Deviations In Insurance Risk, Stefan Gerhold
Applications and Applied Mathematics: An International Journal (AAM)
We study large and moderate deviations for an insurance portfolio, with the number of claims tending to infinity, without assuming identically distributed claims. The crucial assumption is that the centered claims are bounded, and that variances are bounded below. From a general large deviations upper bound, we obtain an exponential bound for the probability of the average loss exceeding a threshold. A counterexample shows that a full large deviation principle, including also a lower bound, does not follow from our assumptions. We argue that our assumptions make sense, in particular, for life insurance portfolios and discuss how to apply our …