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

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

Inhaltsangabe

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.

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Verlag
Springer
Erscheinungsdatum
1995
Sprache
Englisch
ISBN 10 
0792396421
ISBN 13 
9780792396420
Einband
Gebundene Ausgabe
Auflage
1
Anzahl der Seiten
156
Herausgeber
Gollier Christian, Machina Mark J.
Kontakt zum Hersteller
Dt. Universitätsverlag
buchhandel-buch@springer.com

Abraham-Lincoln-Str. 46
Wiesbaden
65198
Deutschland

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Softcover