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disasters / Howard C. Kunreuther and Erwann O. Michel-Kerjan -- 5. NBCR Terrorism : who should bear the risk? / Dwight Jaffee …
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This study considers a pure exchange economy with insurance against ambiguous loss. Ambiguity preferences are represented by the expected utility with uncertainty (EUUP) theory advocated by Izhakian (2017). The economic premium principle of Buhlmann (1980) is generalized under EUUP. We also...
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