Rudiments of insurance purchasing: A graphical state-claims analysis (Q1116615)
From MaRDI portal
 | This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: Rudiments of insurance purchasing: A graphical state-claims analysis |
scientific article; zbMATH DE number 4090648
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Rudiments of insurance purchasing: A graphical state-claims analysis |
scientific article; zbMATH DE number 4090648 |
Statements
Rudiments of insurance purchasing: A graphical state-claims analysis (English)
0 references
1988
0 references
The purpose of this note is to show how some of the main results existing in the insurance literature can be easily and effectively illustrated using a state-claims approach instead of the traditional utility analysis, which is more popular in insurance research and teaching. This approach is used to show how the level of insurance purchased changes as a function of a fixed and proportional loading factor, and under varying degrees of risk aversion, and alternative state-dependent utility environment.
0 references
coinsurance
0 references
optimal insurance
0 references
risk aversion
0 references
state-claims approach
0 references
utility analysis
0 references
loading factor
0 references
state-dependent utility
0 references
0.7448709607124329
0 references
0.7112675309181213
0 references
0.7105523943901062
0 references
0.7012693881988525
0 references
