RECORD OF SOCIETY OF ACTUARIES 1980 VOL. 6 NO. 3 APPLICATIONS OF GAME THEORY TO THE INSURANCE BUSINESS Teaching Session
نویسنده
چکیده
PROFESSOR JEAN LEMAIRE: The two models I am going to present originate from game theory. They were devised as illustrations of game theoretical 'models to my operation research students. Game theory has not yet reached a point where it could be practically implemented in insurance companies. The first model I am going to describe is non-cooperative game theory. The second one uses utility theory and cooperative game theory, and this one comes nearer to practical implementation. Some big reinsurance companies, like the Swiss Reinsurance Company, have begun to use utility theory in their reinsurance policies and premium calculations.
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