[R] Percent damage distribution

diegol diegol81 at gmail.com
Thu Dec 25 23:20:29 CET 2008

R version: 2.7.0
Running on: WinXP

I am trying to model damage from fire losses (given that the loss occurred).
Since I have the individual insured amounts, rather than sampling dollar
damage from a continuous distribution ranging from 0 to infinity, I want to
sample from a percent damage distribution from 0-100%. One obvious solution
is to use runif(n, min=0, max=1), but this does not seem to be a good idea,
since I would not expect damage to be uniform.

I have not seen such a distribution in actuarial applications, and rather
than inventing one from scratch I thought I'd ask you if you know one, maybe
from other disciplines, readily available in R.

Thank you in advance.

Diego Mazzeo
Actuarial Science Student
Facultad de Ciencias Económicas
Universidad de Buenos Aires
Buenos Aires, Argentina
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