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View as HTMLYour browser may not have a PDF reader available. Google recommends visiting our text version of this document.(7.11) W(S, t) =. edS[( 1 - h*s)W(Se-Cs, t+s) + h*sW(Sek-Cs, t+s)] + o(s),. or. (1 + Gs)W(S, t) - W(Se-es, t+s) =. h*s[W(
SekXs, t+s) - W(Se+, t+s)] + o(s).
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(7.11) W(S, t) =. edS[( 1 - h*s)W(Se-Cs, t+s) + h*sW(Sek-Cs, t+s)] + o(s),. or. (1 + Gs)W(S, t) - W(Se-es, t+s) =. h*s[W(SekXs, t+s) - W(Se+, t+s)] + o(s). ...
www.actuaries.org/AFIR/ colloquia/Brussels/Gerber_Shiu.pdf -
by HU GERBER -