An Econometric Model Based on the Maxmin Expected Utility Model: An Application to Earthquake Insurance

DOI10.1007/978-3-642-22884-1_5zbMATH Open1418.91237OpenAlexW87831170MaRDI QIDQ4558804FDOQ4558804

Authors: Toshio Fujimi, Hirokazu Tatano 

Publication date: 30 November 2018

Published in: Lecture Notes in Economics and Mathematical Systems (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/978-3-642-22884-1_5

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zbMATH Keywords

risk aversionrisk premiuminsurance premiumrelative risk aversioneconometric model

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05)

Cites Work

• Maxmin expected utility with non-unique prior
• Risk, ambiguity and the Savage axioms
• Title not available (Why is that?)
• Recent developments in modeling preferences: Uncertainty and ambiguity
• The economics of risk and time
• Prospect Theory: An Analysis of Decision under Risk
• A Definition of Subjective Probability
• The effects of financial incentives in experiments: A review and capital-labor-production framework. (With commentaries)
• Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models
• An experimental investigation of the impact of ambiguity on the valuation of self-insurance and self-protection
• The impact of incentives upon risky choice experiments
• Decision making under ignorance: Arguing with yourself
• Estimating risk attitudes using lotteries: a large sample approach
• Probabilistic insurance

Cited In (3)

• Ambiguity aversion in the field of insurance: Insurers' attitude to imprecise and conflicting probability estimates
• Title not available (Why is that?)
• Title not available (Why is that?)

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