Probabilistic insurance
نویسندگان
چکیده
منابع مشابه
Probabilistic Insurance
Probabilistic insurance is an insurance policy involving a small probability that the consumer will not be reimbursed. Survey data suggest that people dislike probabilistic insurance and demand more than a 20% reduction in the premium to compensate for a 1% default risk. While these preferences are intuitively appealing they are difficult to reconcile with expected utility theory. Under highly ...
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ژورنال
عنوان ژورنال: Insurance: Mathematics and Economics
سال: 1998
ISSN: 0167-6687
DOI: 10.1016/s0167-6687(98)80039-5