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

 
9789048157990: Non-Expected Utility and Risk Management: A Special Issue of the Geneva Papers on Risk and Insurance Theory
Couverture souple
ISBN 10 : 9048157994 ISBN 13 : 9789048157990
Editeur : Springer, 2010

Synopsis

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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

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.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Springer
Date d'édition
2010
Langue
anglais
ISBN 10 
9048157994
ISBN 13 
9789048157990
Reliure
Broché
Nombre de pages
156
Éditeur
Gollier Christian, Machina Mark J.
Coordonnées du fabricant
non disponible
Personne responsable
CMN Printpool Inh. Mathis Neumann
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Autres éditions populaires du même titre

9780792396420: Non-Expected Utility and Risk Management: A Special Issue of the Geneva Papers on Risk and Insurance Theory

Edition présentée

ISBN 10 :  0792396421 ISBN 13 :  9780792396420
Editeur : Kluwer Academic Publishers, 1995
Couverture rigide