Optimal insurance design of ambiguous risks

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August undefined, 2024

WebOptimal insurance design of ambiguous risks 557 tract when the distribution of losses is ambiguous and the policyholder is ambiguity averse.1 … WebOptimal insurance design of ambiguous risks Article Full-text available Jan 2012 Christian Gollier We examine the characteristics of the optimal insurance contract under linear transaction...

Optimal insurance design under narrow framing - ScienceDirect

WebFeb 1, 2024 · We study optimal insurance demand for a risk- and ambiguity-averse consumer under ambiguity about contract nonperformance. Ambiguity aversion lowers … WebMay 11, 2024 · This paper presents analytical representations for an optimal insurance contract under distortion risk measure and in the presence of model uncertainty. We … dialysis itch treatment

(PDF) Optimal insurance design of ambiguous risks

WebWe examine the characteristics of the optimal insurance contract under linear transaction costs and an ambiguous distribution of losses. Under the standard expected utility model, we know from Arrow (1965) that it contains a straight deductible. In this paper, we assume that the policyholder is ambiguity averse in the sense of Klibanoff et al. (Econometrica … WebChristian Gollier, “Optimal insurance design of ambiguous risks”, TSE Working Paper, n. 12-303, May 2012, revised January 2013. WebMar 21, 2016 · Ambiguity in Optimal Insurance Design Empirical evidence suggests that ambiguity, rather than risk, is prevalent in insurance pricing and underwriting and that … cipres boom

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Optimal insurance design of ambiguous risks - Semantic Scholar

WebOptimal insurance design of ambiguous risks Christian Gollier1 Toulouse School of Economics (LERNA, University of Toulouse) January 21, 2013 Abstract We examine the characteristics of the optimal insurance contract under linear transaction cost and an ambiguous distribution of losses. Under the standard expected utility model, we know WebFeb 1, 2015 · My last few clients had not used actuaries in 20 years of Insurance Buying. When they did, the results were transformative, Reducing Premiums Substantially, Safely & Strategically. I am an independent actuarial advisor to insurance buyers with more than 20 years of experience in this field. During this time I have completed over 200 projects for … dialysis jackets for womenOptimal insurance design of ambiguous risks Christian Gollier Economic Theory 57 , 555–576 ( 2014) Cite this article 731 Accesses 48 Citations Metrics Abstract We examine the characteristics of the optimal insurance contract under linear transaction costs and an ambiguous distribution of losses. See more Suppose that for all u in the domain of \phi , with t\in {\mathbb {R}} and \psi is a smooth increasing and concave function. We examine the … See more Suppose that I(x_1) is positive, so that condition (10) holds as an equality for x=x_1. Suppose by contradiction that w(x_1) is larger than the certainty equivalent wealth w^{m} conditional to x\ne x_1, which is … See more Property i is a direct consequence of Proposition 4, since the degree of ambiguity is constant in all unambiguous states x\notin \left\{ {x_1,x_2}\right\} . Let D_0be defined by the following condition: We first show that … See more In the following Lemma, we take the distorted cdf H as exogenous, and we explore the link that exists between the likelihood ratio dG(x)/dH(x)and the design of the optimal contract. See more dialysis itching remedy

"WebIn problems of optimal insurance design, Arrow’s classical result on the optimality of the deductible indemnity schedule holds in a situation where the insurer is a risk-neutral Expected-Utility (EU) maximizer, the insured is a risk-averse EU-maximizer, and the two parties share the same probabilistic beliefs about the realizations of the … " - Optimal insurance design of ambiguous risks

Optimal insurance design under narrow framing - ScienceDirect

(PDF) Optimal insurance design of ambiguous risks

Optimal insurance design of ambiguous risks

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