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According to Jacqueline Friedland's "Estimating Unpaid Claims Using Basic Techniques," there are seven steps to apply the chain-ladder technique: Compile claims data in a development triangle; Calculate age-to-age factors; Calculate averages of the age-to-age factors; Select claim development factors; Select tail factor
In terms of sociology, historical sociology is often better positioned to analyze social life as diachronic, while survey research takes a snapshot of social life and is thus better equipped to understand social life as synchronic. Some argue that the synchrony of social structure is a methodological perspective rather than an ontological claim ...
Sociology is the scientific study of human society that focuses on society, human social behavior, patterns of social relationships, social interaction, and aspects of culture associated with everyday life.
In sociology, for example, proponents of action theory have suggested that social stratification is commonly found in developed societies, wherein a dominance hierarchy may be necessary in order to maintain social order and provide a stable social structure.
Positioning triangle adapted from Van Langenhove & Harré (1999a p.18) [12] A diagram can be used to explain the social significance of positioning acts. All corners of the triangle are intertwined; in other words, if one part of the triangle changes, then the other parts change (e.g., changing the storyline would affect both the position and ...
Triadic closure is a concept in social network theory, first suggested by German sociologist Georg Simmel in his 1908 book Soziologie [Sociology: Investigations on the Forms of Sociation]. [1] Triadic closure is the property among three nodes A, B, and C (representing people, for instance), that if the connections A-B and A-C exist, there is a ...
Emerson says that social exchange theory is an approach in sociology that is described for simplicity as an economic analysis of noneconomic social situations. [7] Exchange theory brings a quasi-economic form of analysis into those situations.
Phenomenology within sociology, or phenomenological sociology, examines the concept of social reality (German: Lebenswelt or "Lifeworld") as a product of intersubjectivity. Phenomenology analyses social reality in order to explain the formation and nature of social institutions. [ 1 ]