Ruin probability in the three-seasonal discrete-time risk model
Abstract
This paper deals with the discrete-time risk model with nonidentically distributed claims. We suppose that the claims repeat with time periods of three units, that is, claim distributions coincide at times \1,4,7,…\, at times \2,5,8,…\, and at times \3,6,9,…\. We present the recursive formulas to calculate the finite-time and ultimate ruin probabilities. We illustrate the theoretical results by several numerical examples.
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