Tomás, Josefa; Boix, Ramón Joaquín Sirvent - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1992
In this paper we model choice under risk by means of a new version of Regret Theory, called here Expanded Utility Theory. We analyze some classical problems in the insurance literature by means of this approach by considering two basic types of attitudes towards success/failure. We show that...