Description
Certainty Equivalent.
Description
Compute the certainty equivalents and premium risks as tools for risk-efficiency analysis. For more technical information, please refer to: Hardaker, Richardson, Lien, & Schumann (2004) <doi:10.1111/j.1467-8489.2004.00239.x>, and Richardson, & Outlaw (2008) <doi:10.2495/RISK080231>.
README.md
ceRtainty
The ceRtainty package computes the certainty equivalent values from a profit dataset and its respective risk premiums.
Installation
Install the package from github as usual:
library(devtools)
install_github("ArielSotoCaro/ceRtainty")
Usage
library(ceRtainty)
Use the certainty() function to compute the certainty equivalent values and premium() to compute the risk premium values. For more details, please refer to the package vignette.
License
MIT © Ariel Soto-Caro.