Regret-based optimal insurance design

DOI10.1016/J.INSMATHECO.2021.11.003MaRDI QIDQ2670106zbMATH OpenOpenAlexFDO

Authors Yichun Chi, Sheng Chao Zhuang

Publication date 10 March 2022

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

Full work available at URL https://doi.org/10.1016/j.insmatheco.2021.11.003

zbMATH Keywords

incentive compatibilitycomparative staticsregret theoryoptimal insurance designpartial insurance above a deductible

Mathematics Subject Classification ID

Actuarial mathematics (91G05)

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Cites work

• A non-Bayesian theory of state-dependent utility
• An axiomatic foundation for regret theory
• Correcting expected utility for comparisons between alternative outcomes: A unified parameterization of regret and disappointment
• Disappointment in Decision Making Under Uncertainty
• Insurance and Individual Incentives in Adaptive Contexts
• Insurance with multiple insurers: a game-theoretic approach
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
• Optimal insurance design under rank-dependent expected utility
• Optimal insurance under rank-dependent utility and incentive compatibility
• Optimal insurance with background risk: an analysis of general dependence structures
• Optimal reinsurance under risk and uncertainty
• Optimal risk sharing with background risk
• Regret in Decision Making under Uncertainty
• Regret theory with general choice sets
• The optimal insurance under disappointment theories

Cited in

(4)

• Optimal insurance under maxmin expected utility
• Optimal insurance with mean-deviation measures
• The optimal insurance under disappointment theories
• Optimal insurance design under mean-variance preference with narrow framing

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