Is Risk Taking or Moral Hazard Beneficial to the Insured and the Society?
In this article, we discuss whether and when the risk taking and moral hazard is beneficial to the insured and to the society as well. We establish model by stochastic optimal control theory. We obtain the optimal levels of risk taking and moral hazard from perspectives of the insured and the society. Finally we make some discussions on insurance and moral hazard
Year of publication: |
2017
|
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Authors: | Mao, Hong ; Carson, James M. ; Ostaszewski, Krzysztof |
Publisher: |
[S.l.] : SSRN |
Subject: | Theorie | Theory | Moral Hazard | Moral hazard | Versicherung | Insurance | Risikopräferenz | Risk attitude |
Saved in:
freely available
Extent: | 1 Online-Ressource (25 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 6, 2016 erstellt |
Classification: | I20 - Education. General |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014180022
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