saring3 {Risk}

Sarin (1987)'s Third Risk Measure

Description

Computes the third risk measure due to Sarin (1987)

Usage

saring3(spec, a, b, aa, bb1, bb2, ...)

Arguments

spec

a character string specifying the distribution (for example, "norm" corresponds to the standard normal)

aa

a positive real valued parameter, see Chan and Nadarajah for details

bb1

a positive real valued parameter, see Chan and Nadarajah for details

bb2

a positive real valued parameter, see Chan and Nadarajah for details

a

the lower end point of the distribution specified by spec

b

the upper end point of the distribution specified by spec

...

other parameters

Value

A scalar, giving Sarin (1987)'s third risk measure of the distribution specified by spec

Author(s)

Stephen Chan, Saralees Nadarajah

References

S. Chan and S. Nadarajah, Risk: An R package for risk measures, submitted

R. K. Sarin, Some extensions of Luce's measures of risk, Theory and Decision, 22, 1987, 125-141 <DOI:10.1007/BF00126387>

Examples

saring3("norm",-Inf, Inf, 1, 1, 1)