Modeling earthquake bond prices with correlated dual trigger indices and the approximate solution using the Monte Carlo algorithm
Countries prone to earthquakes face increasing seismic activity, often resulting in losses that exceed national budgets. To mitigate these losses, earthquake bonds present a promising alternative funding source; however, pricing them is complex, requiring simultaneous accounting for financial and se...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
AIMS Press
2025-02-01
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| Series: | AIMS Mathematics |
| Subjects: | |
| Online Access: | https://www.aimspress.com/article/doi/10.3934/math.2025103 |
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