Institution: | 1. Université de Lyon, 69622, Lyon, France 2. Laboratoire SAF, EA 2429, Institut de Science Financière et d’Assurances, Université Lyon 1, 50 Avenue Tony Garnier, 69007, Lyon, France 3. Department of Actuarial Science, Faculty of Business and Economics, University of Lausanne, UNIL-Dorigny, 1015, Lausanne, Switzerland
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