Survival risks, intertemporal consumption, and insurance: the case of distorted probabilities
From MaRDI portal
Publication:2492178
DOI10.1016/j.insmatheco.2005.09.004zbMath1132.91016OpenAlexW2023808276MaRDI QIDQ2492178
Han Bleichrodt, Louis R. Eeckhoudt
Publication date: 9 June 2006
Published in: Insurance Mathematics \& Economics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.insmatheco.2005.09.004
non-expected utilityprobability distortionintertemporal consumptioncost--benefit analysissurvival risks
Lua error in Module:PublicationMSCList at line 37: attempt to index local 'msc_result' (a nil value).
Related Items (5)
A rank-dependent utility model of uncertain lifetime ⋮ The connection between distortion risk measures and ordered weighted averaging operators ⋮ On cross-risk vulnerability ⋮ A parsimonious model of subjective life expectancy ⋮ A life-cycle model with ambiguous survival beliefs
Cites Work
- Unnamed Item
- Advances in prospect theory: cumulative representation of uncertainty
- Probability weighting and utility curvature in QALY-based decision making
- Violations of the betweenness axiom and nonlinearity in probability
- Probabilistic insurance
- Money does not induce risk neutral behavior, but binary lotteries do even worse
- Options traders exhibit subadditive decision weights
- Dutch books: Avoiding strategic and dynamic complications, and a comonotonic extension
- On the definition and age-dependency of the value of a statistical life
- Parameter-Free Elicitation of Utility and Probability Weighting Functions
- Curvature of the Probability Weighting Function
- Eliciting von Neumann-Morgenstern Utilities When Probabilities Are Distorted or Unknown
- The Probability Weighting Function
- The Dual Theory of Choice under Risk
This page was built for publication: Survival risks, intertemporal consumption, and insurance: the case of distorted probabilities
