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assumption of constant absolute risk aversion, we study the way that solution varies, ex ante, when we vary the beliefs of one …
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Normative models of behaviour under risk in the framework of expected utility (EU) or under uncertainty in the … (non-EU) models based on the Choquet integral allow for much more diversified behavior, both under risk and under …
Persistent link: https://www.econbiz.de/10005663617
In this chapter, we derive Yaari's model of decision under risk in connection with Schmeidler's model of decision under …
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I study the use of risk adjusters as a regulatory instrument for combatting cream-skimming incentives in a private …
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What is the relationship between an agent's attitude towards information, and her attitude towards risk? if an agent …
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risk individuals. Insureres have an incentive to design contracts so as to attract only better brisks, and equilibrium …
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