Insurance bargaining under ambiguity

DOI10.1016/J.INSMATHECO.2013.10.001MaRDI QIDQ2015652zbMATH OpenOpenAlexFDO

Authors Rachel J. Huang, Yi-Chieh Huang, Larry Y. Tzeng

Publication date 23 June 2014

Published in Insurance Mathematics \& Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.insmatheco.2013.10.001

zbMATH Keywords

ambiguityambiguity aversioncooperative bargainingnoncooperative bargaininginsurance bargaining

Mathematics Subject Classification ID

Applications of game theory (91A80) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Optimal insurance design of ambiguous risks
• Optimal insurance under adverse selection and ambiguity aversion
• Two-person insurance negotiation
• Ambiguity on the insurer's side: the demand for insurance
• Welfare-improving ambiguity in insurance markets with asymmetric information

Cites work

• scientific article; zbMATH DE number 54098 (Why is no real title available?)
• A Smooth Model of Decision Making under Ambiguity
• Ambiguity and the value of information
• Ambiguity aversion and the propensities for self-insurance and self-protection
• Ambiguity aversion in the field of insurance: Insurers' attitude to imprecise and conflicting probability estimates
• Ambiguity aversion, higher-order risk attitude and optimal effort
• Bargaining solutions without the expected utility hypothesis
• Differentiating ambiguity and ambiguity attitude
• Maxmin expected utility with non-unique prior
• On risk aversion and bargaining outcomes.
• Optimal insurance design of ambiguous risks
• Perfect Equilibrium in a Bargaining Model
• Portfolio choices and asset prices: the comparative statics of ambiguity aversion
• Prudence in bargaining: The effect of uncertainty on bargaining outcomes
• Subjective Probability and Expected Utility without Additivity
• The bargaining problem
• The value of a statistical life under ambiguity aversion
• Two-person insurance negotiation

Cited in

(8)

• Insurance as a lemons market: coverage denials and pooling
• An economic premium principle under the dual theory of the smooth ambiguity model
• Nash equilibria of over-the-counter bargaining for insurance risk redistributions: the role of a regulator
• Construction of a negotiation set for competitive interaction between two insurance companies
• Competitive insurance market in the presence of ambiguity
• Two-person insurance negotiation
• Insurance pricing under ambiguity
• Optimal insurance design under asymmetric Nash bargaining

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