purchase price can be presented as the increase in the willingness to pay for insurance or the willingness to pay for consumer … credit. The optimal consumer decision represents the trade-off between the propensity to search for beneficial insurance or … consumer credit, and marginal savings on insurance policy or consumer credit. Under price dispersion the indirect utility …

It has been said that insurance is the last of the financial services to accept radical change (Denney [1995 … weather volatility and catastrophic risks are difficult to diversify using traditional insurance practices. To provide a map … risks. There are two basic and distinct approaches: statistical and economic. The former is typical of the insurance …

high and the overweighting of low probabilities, the Allais paradox, risk aversion, loss aversion, the Ellsberg paradox …, insurance, trade, industry, planning and forecasting. Explanations of the principle and examples of solution of three types of …

. The coverage includes decision-making under uncertainty, measuring risk and risk aversion, insurance and asset markets …

gamma risk from other risk types and present its loss distribution, which has heavy tails. Moving to an insurance point of …In this article we analyze the risk associated with hedging written call options. We introduce a way to isolate the … insurance business, offering diversification opportunities. The tails of the loss distribution are shown to be much fatter than …

insurance premium to risk based insurance premium policy. …The primary aim of this paper to evaluate the cost of deposit insurance premium and assess moral hazard effect in the … banking sector in Sudan. The analysis of moral hazard in this paper is based on two types of risks, credit default risk …

with risks may have strong impacts on the environment. We evaluate the effects of public risk management programmes, such … as subsidised crop insurance, fertilizer use and land allocation to crops. We implement a mathematical programming model … insurance programmes, tomato productions are expected to expand and to require larger amount of fertilizer, whereas the opposite …

This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results … individuals are risk averse with no specific threshold probability. …

presented as the increase in the willingness to pay for insurance. The optimal consumer decision represents the trade …-off between the propensity to search for proficient insurance and marginal savings on insurance policy. Under price dispersion the … indirect utility function takes the form of cubic parabola, where the saddle point represents the comprehensive insurance. The …