Non-Expected Utility and Risk Management: A Special Issue of the Geneva Papers on Risk and Insurance Theory - Rilegato

 
9780792396420: Non-Expected Utility and Risk Management: A Special Issue of the Geneva Papers on Risk and Insurance Theory
Rilegato
ISBN 10: 0792396421 ISBN 13: 9780792396420
Casa editrice: Springer-Verlag GmbH, 1995

Sinossi

Expected utility provides simple, testable properties of the optimum behaviour 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 behaviour. A more realistic model is needed. This is particularly true when treating attitudes toward small probability events: the standard situation for insurable risks. This book examines whether the existing results in insurance economics are robust to more general models of behaviour under risk.

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Contenuti

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.

Product Description

Book by None

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Editore
Springer-Verlag GmbH
Data di pubblicazione
1995
Lingua
Inglese
ISBN 10 
0792396421
ISBN 13 
9780792396420
Rilegatura
Copertina rigida
Numero edizione
1
Numero di pagine
154
Redattore
Machina Mark J., Gollier Christian
Contatto del produttore
non disponibile
Persona responsabile
Springer Nature Customer Service Center GmbH
ProductSafety@springernature.com

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Altre edizioni note dello stesso titolo

9789048157990: Non-Expected Utility and Risk Management: A Special Issue of the Geneva Papers on Risk and Insurance Theory

Edizione in evidenza

ISBN 10:  9048157994 ISBN 13:  9789048157990
Casa editrice: Springer, 2010
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