Risk theory and serendipity (Q1068501)
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Risk theory and serendipity |
scientific article |
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Risk theory and serendipity (English)
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1986
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The paper gives a short presentation of a model which determines equilibrium premiums in an insurance market, and a series of examples and potential applications. The paper also reviews De Finetti's model of optimal dividend policies, and argues that this model gives the utility functions required by the equilibrium model.
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risk aversion
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multi-period models
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equilibrium premiums
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insurance market
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De Finetti's model of optimal dividend policies
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utility functions
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