Non-Expected Utility and Risk Management
A Special Issue of the Geneva Papers on Risk and Insurance Theory
(Sprache: Englisch)
Expected utility provides simple, testable properties of the optimum behavior that should be displayed by risk-averse individuals in risky decisions. Simultaneously, given the existence of paradoxes under the expected utility paradigm, expected utility can...
Leider schon ausverkauft
versandkostenfrei
Buch
164.99 €
- Lastschrift, Kreditkarte, Paypal, Rechnung
- Kostenlose Rücksendung
- Ratenzahlung möglich
Produktdetails
Produktinformationen zu „Non-Expected Utility and Risk Management “
Klappentext zu „Non-Expected Utility and Risk Management “
Expected utility provides simple, testable properties of the optimum behavior that should be displayed by risk-averse individuals in risky decisions. Simultaneously, given the existence of paradoxes under the expected utility paradigm, expected utility can only be regarded as an approximation of actual behavior. A more realistic model is needed. This is particularly true when treating attitudes toward small probability events: the standard situation for insurable risks. Non-Expected Utility and Risk Management examines whether the existing results in insurance economics are robust to more general models of behavior under risk.
Inhaltsverzeichnis zu „Non-Expected Utility and Risk Management “
Editor' Note. Introductory Note; C. Gollier. Non-Expected Utility and the Robustness of the Classical Insurance Paradigm; M.J. Machina. Non-Expected Utility and the Robustness of the Classical Insurance Paradigm: Discussion; E. Karni. The Comparative Statics of Deductible Insurance in Expected and Non-expected Utility Theories; E.E. Schlee. Risk Aversion Concepts in Expected and Non- expected Utility Models; M. Cohen. Government Action, Biases in Risk Perception, and Insurance Decisions; W.K. Viscusi. A Comparison of the Estimates of EU and non-EU Preference Functionals Using Data from Pairwise Choice and Complete Ranking Experiments; E. Carbone, J.D. Hey. Functional Form Problems in Modelling Insurance and Gambling; W.E. Diewert.
Bibliographische Angaben
- Spin-off from the GENEVA PAPERS ON RISK AND INSURANCE THEORY; 20:1 (1995)., 1995, 154 Seiten, Maße: 16 x 24,1 cm, Gebunden, Englisch
- Herausgegeben: Mark J. Machina, Christian Gollier
- Verlag: Springer Netherlands
- ISBN-10: 0792396421
- ISBN-13: 9780792396420
- Erscheinungsdatum: 30.09.1995
Sprache:
Englisch
Kommentar zu "Non-Expected Utility and Risk Management"
Schreiben Sie einen Kommentar zu "Non-Expected Utility and Risk Management".
Kommentar verfassen