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please answer Exercise 14.4.5 Find the variances for analogue and excess of loss projects of reinsurance (meaning Var(R1(x)) and Var(Rd(x)) when X is a Pareto

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Exercise 14.4.5 Find the variances for analogue and excess of loss projects of reinsurance (meaning Var(R1(x)) and Var(Rd(x)) when X is a Pareto Par(a,k) . Find the best reinsurance project (analogue or excess of loss) for the reinsurer if the two projects are equivalent

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