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More interesting assumptions for the insurance risk problem are that the number of claims N t) is a Poisson process and the sizes of the claims V1, V2,… are independent, identically distributed positive random variables.
The preferred estimates taking account of both the updating and aggregation problem are that the elasticity of wages in the bottom decile with respect to business assistance living wages is 0.051, versus a slightly smaller 0.037 for contractor-only living wages.
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Problem is, that's the wrong lesson.
The problem is that bad".
"The problem is, that cannot be sustained.
The problem is that nasty J curve.
The problem is, that's not true.
The problem is that word "potential".
"The problem is that costs money.
"The potential problem is that the T.D.F.
"The problem is that the threshold varies.
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