Regret-based optimal insurance design
WebRegret-based optimal insurance design Insurance Mathematics and Economics Webincreasing retained loss function. By comparing Mahul’s optimal insurance so-lutions with ours, it is easy to find that this constraint plays a critical role in optimal insurance design with background risk and makes the optimal solution change from disappearing deductible to the stop-loss insurance . The rest of the paper is organized as ...
Regret-based optimal insurance design
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WebFeb 1, 2007 · In this paper, we investigate an optimal insurance design problem in which the insured's risk preference is of the regret-theoretical expected utility type and admissible insurance contracts are ... WebRegret-based optimal insurance design. Yichun Chi and Sheng Chao Zhuang. Insurance: Mathematics and Economics, 2024, vol. 102, issue C, 22-41 . Abstract: In this paper, we …
WebDec 1, 2015 · In this paper, we investigate an optimal insurance design problem in which the insured's risk preference is of the regret-theoretical expected utility type and admissible insurance contracts are ... WebRegret-based Optimal Insurance Design Yichun Chi, Sheng Chao Zhuang In this paper, we investigate an optimal insurance design problem in which the insured's risk preference is of the regret-theoretical expected utility type and admissible insurance contracts are set to satisfy both the principle of indemnity and the incentive-compatible condition.
WebJul 5, 2024 · Regret-based optimal insurance design. In this paper, we investigate an optimal insurance design problem in which the insured's risk preference is of the regret-theoretical expected utility type and admissible insurance contracts are set to satisfy both the principle of indemnity and the incentive-compatible condition. WebNov 1, 2024 · Abstract. In this paper, we investigate an optimal insurance design problem in which the insured's risk preference is of the regret-theoretical expected utility type and …
WebJun 1, 2024 · Regret-based optimal insurance design. 2024, Insurance: Mathematics and Economics. Citation Excerpt : Thus, Huberman et al. (1983) suggest imposing the …
WebWe examine optimal insurance purchase decisions of individuals that ex-hibit behavior consistent with Regret Theory. ... Approaches based on the Savage (1954) "minimax … hwm hershamWebThe Design of an Optimal Insurance Policy By ARTUR RAVIV* Almost every phase of economic behavior is affected by uncertainty. The economic system has adapted to … masha and the bear lyricsWebRegret-based Optimal Insurance Design Yichun Chi, Sheng Chao Zhuang In this paper, we investigate an optimal insurance design problem in which the insured's risk preference is … masha and the bear live showWebDownloadable (with restrictions)! In this paper, we investigate an optimal insurance design problem in which the insured's risk preference is of the regret-theoretical expected utility … masha and the bear masha cooking app storeWebApr 29, 2024 · Following the way of Bühlmann ( 1980 ), Chi et al. ( 2024) investigate the optimal reinsurance design under an economic premium principle π M ( Y) = E [ Y M], ∀ Y … masha and the bear lernspieleWebA hybrid model of optimal reinsurance: a discussion of ‘Optimal reinsurance designs based on risk measures: a review’ by Jun Cai and Yichun Chi Sheng Chao Zhuang Department of Finance, University of Nebraska-Lincoln, Lincoln, Nebraska, USA Correspondence [email protected] hwm incWebwith regret-theoretical preferences) should choose less insurance, and when small amounts of insurance are predicted to be optimal by EUT, the regret-averse individual prefers to purchase more insurance. These results hold for insurance contracts of both the coinsurance form and deductible form, and the direction of the masha and the bear love is in the air