ParetoCappedMean: Pareto capped mean

In NetSimR: Actuarial Functions for Non-Life Insurance Modelling

Pareto capped mean

Description

Pareto capped mean

Usage

ParetoCappedMean(cap, scale, shape)

Arguments

cap	A positive real number - the claim severity cap.
scale	A positive real number - the scale parameter of the Claim Severity's Pareto distribution.
shape	A positive real number - the shape parameter of the Claim Severity's Pareto distribution.

Value

The mean of the claim severity capped at cap with a Pareto distribution with parameters scale and shape. A cap at or below scale is returned unchanged, as no claim is smaller than scale. The arguments are recycled to a common length.

Examples

ParetoCappedMean(600,200,1.2)
ParetoCappedMean(800,100,1)
ParetoCappedMean(1000,500,0.8)
ParetoCappedMean(50,100,2)

NetSimR documentation built on Sept. 14, 2026, 1:07 a.m.