Forecasting Product Liability Claims: Epidemiology and Modeling in the Manville Asbestos Case / Edition 1

Forecasting Product Liability Claims: Epidemiology and Modeling in the Manville Asbestos Case / Edition 1

by Eric Stallard, Kenneth G. Manton, JOEL COHEN
     
 

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ISBN-10: 144192860X

ISBN-13: 9781441928603

Pub. Date: 12/06/2010

Publisher: Springer New York

This selection of papers encompasses recent methodological advances in several important areas, such as multivariate failure time data and interval censored data, as well as innovative applications of the existing theory and methods. Using a rigorous account of statistical forecasting efforts that led to the successful resolution of the John-Manville asbestos

Overview

This selection of papers encompasses recent methodological advances in several important areas, such as multivariate failure time data and interval censored data, as well as innovative applications of the existing theory and methods. Using a rigorous account of statistical forecasting efforts that led to the successful resolution of the John-Manville asbestos litigation, the models in this volume can be adapted to forecast industry-wide asbestos liability. More generally, because the models are not overly dependent on the U.S. legal system and the role of asbestos, this volume will be of interest in other product liability cases, as well as similar forecasting situations for a range of insurable or compensational events. Throughout the text, the emphasis is on the iterative nature of model building and the uncertainty generated by lack of complete knowledge of the injury process. This uncertainty is balanced against the court's need for a definitive settlement, and how these opposing principles can be reconciled. A valuable reference for researchers and practitioners in the field of survival analysis.

Product Details

ISBN-13:
9781441928603
Publisher:
Springer New York
Publication date:
12/06/2010
Series:
Statistics for Biology and Health Series
Edition description:
Softcover reprint of hardcover 1st ed. 2004
Pages:
394
Product dimensions:
6.10(w) x 9.10(h) x 0.90(d)

Table of Contents

Overview
• Epidemiology of Asbestos-Related Diseases
• Forecasts Based on Direct Estimates of Exposure
• Forecasts Based on Indirect Estimates of Exposure
• Uncertainty in Forecasts Based on Indirect Estimates
• Updated Forecasts Based on Indirect Estimates of Exposure
• Uncertainty in Updated Forecasts
• Forecasts Based on a Hybrid Model
• Uncertainty in Forecasts Based on a Hybrid Model
• Conclusions and Implications

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