Total gain for a continuous-style one-step recursion

Total gain for a continuous-style one-step recursion

Usage

GT_cont(Vt, Vt1, P, delta_actual, p_actual, benefit = 0, h = 1)

Arguments

Vt

Reserve at time t.

Vt1

Reserve at time t+h.

P

Premium rate.

delta_actual

Actual force of interest.

p_actual

Actual survival probability over the step.

benefit

Benefit paid at start of step. Default 0.

h

Step length. Default 1.

Value

Numeric vector.

Examples

GT_cont(Vt = 10, Vt1 = 11, P = 1, delta_actual = 0.05, p_actual = 0.99)
#> [1] 0.6739821