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Qualitative Changes in Risk Trends Pose Challenges for Insurability

Bejrová, Martina; Králík, Jiří - In: Acta Oeconomica Pragensia 2011 (2011) 2, pp. 50-65

, the insurance industry has encountered a problem of insurability limits and shifting boundaries of the private insurance …, the insurance industry has found some ways to heighten the limits of insurability, i.e., adjustments of terms and … be implemented by 2013, capital requirements may increase and thus the capacity of the insurance industry might be …

Persistent link: https://www.econbiz.de/10009021820

How Common Methodology Problems Affect the Unsatisfactory Status of Economic Science

Daňhel, Jaroslav; Ducháčková, Eva - In: Politická ekonomie 2010 (2010) 5, pp. 596-607

The authors of the article point out that the theory of economics has failed to yield a solid theoretical background in such critical situations as the period of the current fi nancial and economic crisis and the transformation period of post-communist economies. Mainly present crisis opens the...

Persistent link: https://www.econbiz.de/10008752946

New elements in global architecture of isurance markets

Ducháčková, Eva; Daňhel, Jaroslav - In: Politická ekonomie 2006 (2006) 3

insurance market. The principles of Basel II and Solvency II are discussed. The second part of article concerned with quality … way - insurance, reinsurance and public finance is completed by insurance derivates (CAT bondes) in present. This solution …

Persistent link: https://www.econbiz.de/10005036623

Teorie očekávaného užitku versus kumulativní prospektová teorie: empirický pohled (available in Czech only)

Skořepa, Michal - In: Czech Economic Review 1 (2007) 2, pp. 180-195

This paper pits expected utility theory and cumulative prospect theory against each other as regards their descriptive accuracy. Some older as well as newer pieces of evidence are described which show that under certain circumstances, expected utility theory is not descriptively valid. The most...

Persistent link: https://www.econbiz.de/10005698647

Zpochybnění deskriptivnosti teorie očekávaného užitku / Expected utility theory reconsidered [available in Czech only]

Skořepa, Michal - Institut ekonomických studií, Univerzita Karlova v Praze - 2006

This paper summarizes the major events in the recent history of modelling human decisions under risk. After presenting the basics of expected utility theory, the key pieces of evidence are described which showed that under certain circumstances, this theory is not descriptively valid. The most...

Persistent link: https://www.econbiz.de/10005673608