degree of pessimism of the representative agent is the mean of the individual ones weighted by their index of absolute risk …

In a dual risk model, the premiums are considered as the costs and the claims are regarded as the profits. The surplus … existing literature of dual risk models, the profits follow the compound Poisson model and the cost is constant. In this paper …, we develop a state dependent dual risk model, in which the arrival rate of the profits and the costs depend on the …