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Chaos Theory Applied to Time Series of Insurance Claims (The Bolivian case 1975-2020)

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Keywords:
Attractors, Randomness, Nonlinear Dynamic Systems, Direct Claims
Abstract

The purpose of this research is to determine if the Insurance Claims in Bolivia is characterized as a random series par excellence (as the classical theory establishes), or if such characteristics correspond to processes explained mainly by Chaos Theory. For this, various classical statistical tests have been used, as well as those specifically designed to test chaotic characteristics such as fractal analysis and the presence of attractors. According to the results, it shows that the Insurance Claims in Bolivia, in the study period, meets the necessary and sufficient conditions to affirm that they come from a chaotic order with a single attractor.

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Author Biographies
  1. Iván Orlando Rojas Yanguas, , Instituto de Ciencias Económicas y Financieras, Universidad La Salle Bolivia, La Paz- Bolivia

    Iván Orlando Rojas Yanguas, es profesor universitario de las materias de Macroeconomía,
    Pensiones y Seguros y Finanzas. Graduado con Honores como Licenciado en Economía de la Universidad Católica Boliviana. Master en Dirección y Gestión de Sistemas de Seguridad Social de la Univ. de Alcalá de Henares y la OISS, Master en Auditoría y Control Financiero de Maestrías para el Desarrollo de la Univ. Católica Boliviana en colaboración con el Harvard Institute for International Development. ORCID: https://orcid.org/ 0000-0002-8862-201X

  2. Héctor David Rodrigo Guzmán, , Universidad Mayor de San Andres, La Paz-Bolivia

    Héctor David Rodrigo Guzmán, es Ingeniero Comercial titulado de la Escuela Militar de
    Ingeniería Boliviana Graduado con felicitación y estudiante de la Licenciatura en Matemáticas de la
    facultad de Ciencias Puras en la Universidad Mayor de San Andrés. Actualmente se desempeña en el sector de seguros de Bolivia. ORCID: https://orcid.org/0000-0002-9658-6813

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Published
2023-03-31 — Updated on 2024-04-03
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How to Cite

Chaos Theory Applied to Time Series of Insurance Claims (The Bolivian case 1975-2020). (2024). FIDES ET RATIO, 25(25), Pág. 115 - 134. https://doi.org/10.55739/fer.v25i25.130

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