As demonstrated by Ehrlich and Becker [1972], Expected Utility Theory predicts that market
insurance and self-insurance are substitutes, whilst surprisingly, market insurance and self …

Nous exposons dans cet article les avancées de la théorie de la décision en environnement
incertain au cours des vingt dernières années. Plus précisément, nous partons des modèles …

Abstract The Choquet Expected Utility (CEU) model is a model of decision making under
uncertainty generalizing the Expected Utility (EU) model. Under the comonotone …

Stiglitz (1977) established three well-known features of monopoly insurance markets subject
to adverse selection:(i) at least one market segment is served, despite the informational …

This chapter uses the technique of “generalized expected utility analysis” to explore the
robustness of some of the basic results in classical insurance theory to departures from the …

This paper revisits the model of the unilateral accident, introducing three assumptions which
depart from the literature: parties are Rank De $ pendant Expected Utility maximizers …

This work examines optimal demand for insurance coverage when the insured has
nonadditive subjective probability beliefs about loss uncertainty. By showing the equivalent …

Demand for Insurance under Rank Dependent Expected Utility Model Page 1 Research Journal
of Finance and Accounting www.iiste.org ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) …

We study the characteristics of optimal levels of care and distribution of risk in a extended
unilateral accident model, where 1/parties are Rank Dependant Expected Utility maximizers …

This paper investigates how people behave when confronted with low probability events
and ambiguity in an insurance context. It reports the results of an experiment submitted to a …