• Title/Summary/Keyword: Distribution-matching

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Distribution Channel, Matching, and Welfare Asymmetry in the Korean Insurance Industry: A Hint from Matching Theory

  • Lee, Yong-Ju
    • Asia Marketing Journal
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    • v.17 no.4
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    • pp.89-104
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    • 2016
  • Based on the observation that insurance companies in Korea, unlike those in other financial sectors and those in other countries, dominantly use the agent-based push-type marketing strategy, this paper hypothesizes that difference in distribution systems originating from characteristics of financial products can lead to welfare asymmetry between financial institutions and customers, merely due to their financial matching. For this analysis, we employ a simple matching theoretic model, try to understand the welfare implications of distribution systems from a matching theoretic perspective, and analyze the bottom of negative perceptions of insurance industry. The proposed model suggests that this welfare asymmetry derives mainly from financial matching through the distribution systems, which implies that any efforts to improve the insurance industry must consider changes in the matching process, namely the distribution system. We hope that this paper complements and extends the existing literature on insurance distribution systems in terms of methodologies and research subjects.

On the Development of Probability Matching Priors for Non-regular Pareto Distribution

  • Lee, Woo Dong;Kang, Sang Gil;Cho, Jang Sik
    • Communications for Statistical Applications and Methods
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    • v.10 no.2
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    • pp.333-339
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    • 2003
  • In this paper, we develop the probability matching priors for the parameters of non-regular Pareto distribution. We prove the propriety of joint posterior distribution induced by probability matching priors. Through the simulation study, we show that the proposed probability matching Prior matches the coverage probabilities in a frequentist sense. A real data example is given.

Noninformative priors for Pareto distribution

  • Kim, Dal-Ho;Kang, Sang-Gil;Lee, Woo-Dong
    • Journal of the Korean Data and Information Science Society
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    • v.20 no.6
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    • pp.1213-1223
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    • 2009
  • In this paper, we develop noninformative priors for two parameter Pareto distribution. Specially, we derive Jereys' prior, probability matching prior and reference prior for the parameter of interest. In our case, the probability matching prior is only a first order matching prior and there does not exist a second order matching prior. Some simulation reveals that the matching prior performs better to achieve the coverage probability. A real example is also considered.

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Noninformative priors for the scale parameter in the generalized Pareto distribution

  • Kang, Sang Gil
    • Journal of the Korean Data and Information Science Society
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    • v.24 no.6
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    • pp.1521-1529
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    • 2013
  • In this paper, we develop noninformative priors for the generalized Pareto distribution when the scale parameter is of interest. We developed the rst order and the second order matching priors. We revealed that the second order matching prior does not exist. It turns out that the reference prior and Jeffrey's prior do not satisfy a first order matching criterion, and Jeffreys' prior, the reference prior and the matching prior are different. Some simulation study is performed and a real example is given.

Noninformative priors for the reliability function of two-parameter exponential distribution

  • Kang, Sang-Gil;Kim, Dal-Ho;Lee, Woo-Dong
    • Journal of the Korean Data and Information Science Society
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    • v.22 no.2
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    • pp.361-369
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    • 2011
  • In this paper, we develop the reference and the matching priors for the reliability function of two-parameter exponential distribution. We derive the reference priors and the matching prior, and prove the propriety of joint posterior distribution under the general prior including the reference priors and the matching prior. Through the sim-ulation study, we show that the proposed reference priors match the target coverage probabilities in a frequentist sense.

Noninformative priors for the log-logistic distribution

  • Kang, Sang Gil;Kim, Dal Ho;Lee, Woo Dong
    • Journal of the Korean Data and Information Science Society
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    • v.25 no.1
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    • pp.227-235
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    • 2014
  • In this paper, we develop the noninformative priors for the scale parameter and the shape parameter in the log-logistic distribution. We developed the first and second order matching priors. It turns out that the second order matching prior matches the alternative coverage probabilities, and is a highest posterior density matching prior. Also we revealed that the derived reference prior is the second order matching prior for both parameters, but Jerffrey's prior is not a second order matching prior. We showed that the proposed reference prior matches the target coverage probabilities in a frequentist sense through simulation study, and an example based on real data is given.

Noninformative priors for the shape parameter in the generalized Pareto distribution

  • Kang, Sang Gil;Kim, Dal Ho;Lee, Woo Dong
    • Journal of the Korean Data and Information Science Society
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    • v.24 no.1
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    • pp.171-178
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    • 2013
  • In this paper, we develop noninformative priors for the generalized Pareto distribution when the parameter of interest is the shape parameter. We developed the first order and the second order matching priors.We revealed that the second order matching prior does not exist. It turns out that the reference prior satisfies a first order matching criterion, but Jeffrey's prior is not a first order matching prior. Some simulation study is performed and a real example is given.

NONINFORMATIVE PRIORS FOR PARETO DISTRIBUTION : REGULAR CASE

  • Kim, Dal-Ho;Lee, Woo-Dong;Kang, Sang-Gil
    • 한국데이터정보과학회:학술대회논문집
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    • 2003.05a
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    • pp.27-37
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    • 2003
  • In this paper, we develop noninformative priors for two parameter Pareto distribution. Specially, we derive Jeffrey's prior, probability matching prior and reference prior for the parameter of interest. In our case, the probability matching prior is only a first order and there does not exist a second order matching prior. Some simulation reveals that the matching prior performs better to achieve the coverage probability. And a real example will be given.

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Noninformative priors for linear function of parameters in the lognormal distribution

  • Lee, Woo Dong;Kim, Dal Ho;Kang, Sang Gil
    • Journal of the Korean Data and Information Science Society
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    • v.27 no.4
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    • pp.1091-1100
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    • 2016
  • This paper considers the noninformative priors for the linear function of parameters in the lognormal distribution. The lognormal distribution is applied in the various areas, such as occupational health research, environmental science, monetary units, etc. The linear function of parameters in the lognormal distribution includes the expectation, median and mode of the lognormal distribution. Thus we derive the probability matching priors and the reference priors for the linear function of parameters. Then we reveal that the derived reference priors do not satisfy a first order matching criterion. Under the general priors including the derived noninformative priors, we check the proper condition of the posterior distribution. Some numerical study under the developed priors is performed and real examples are illustrated.

Face Detection Algorithm Using Color Distribution Matching (영상의 색상 분포 정합을 이용한 얼굴 검출 알고리즘)

  • Kwon, Seong-Geun
    • Journal of Korea Multimedia Society
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    • v.16 no.8
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    • pp.927-933
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    • 2013
  • Face detection algorithm of OpenCV recognizes the faces by Haar matching between input image and Haar features which are learned through a set of training images consisting of many front faces. Therefore the face detection method by Haar matching yields a high face detection rate for the front faces but not in the case of the pan and deformed faces. On the assumption that distributional characteristics of color histogram is similar even if deformed or side faces, a face detection method using the histogram pattern matching is proposed in this paper. In the case of the missed detection and false detection caused by Haar matching, the proposed face detection algorithm applies the histogram pattern matching with the correct detected face area of the previous frame so that the face region with the most similar histogram distribution is determined. The experiment for evaluating the face detection performance reveals that the face detection rate was enhanced about 8% than the conventional method.