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

Language: English

Published by Springer, 2010

9048157994 / 9789048157990

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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Druck auf Anfrage Neuware - Printed after ordering - 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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Title
Non-Expected Utility and Risk Management : A Special Issue of the Geneva Papers on Risk and Insurance Theory
Author
Mark J. Machina
Publisher
Springer
Publication year
2010
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
9048157994
ISBN 13
9789048157990
Item weight
248 grams
Dimensions
235x155x9 mm

AHA-BUCH GmbH

Einbeck, Germany

5-star seller

AbeBooks seller since August 14, 2006

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