Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: Optimal control under uncertainty: Application to the issue of CAT bonds   We propose a general framework for studying optimal issue of CAT bonds in the
presence of uncertainty on the parameters. In particular, the intensity of
arrival of natural disasters is inhomogeneous and may depend on unknown
parameters. Given a prior on the distribution of the unknown parameters, we
explain how it should evolve according to the classical Bayes rule. Taking
these progressive prior-adjustments into account, we characterize the optimal
policy through a quasi-variational parabolic equation, which can be solved
numerically. We provide examples of application in the context of hurricanes in
Florida.

11
The categories of this paper are: hep-lat
35
The categories of this paper are: mtrl-th
3
The categories of this paper are: physics
12
The categories of this paper are: nucl-th
26
The categories of this paper are: bayes-an
24
The categories of this paper are: dg-ga
16
The categories of this paper are: stat
10
The categories of this paper are: q-bio
23
The categories of this paper are: solv-int
21
The categories of this paper are: adap-org
6
The categories of this paper are: astro-ph
18
The categories of this paper are: econ
9
The categories of this paper are: nlin
22
The categories of this paper are: chao-dyn
37
The categories of this paper are: supr-con
15
The categories of this paper are: nucl-ex