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

DOI10.1007/978-3-642-22884-1_5MaRDI QIDQ4558804zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

risk aversionrisk premiuminsurance premiumrelative risk aversioneconometric model

Mathematics Subject Classification ID

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

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Cites work

• scientific article; zbMATH DE number 3087284 (Why is no real title available?)
• A Definition of Subjective Probability
• An experimental investigation of the impact of ambiguity on the valuation of self-insurance and self-protection
• Decision making under ignorance: Arguing with yourself
• Estimating risk attitudes using lotteries: a large sample approach
• Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models
• Maxmin expected utility with non-unique prior
• Probabilistic insurance
• Prospect Theory: An Analysis of Decision under Risk
• Recent developments in modeling preferences: Uncertainty and ambiguity
• Risk, ambiguity and the Savage axioms
• The economics of risk and time
• The effects of financial incentives in experiments: A review and capital-labor-production framework. (With commentaries)
• The impact of incentives upon risky choice experiments

Cited in

(3)

• Ambiguity aversion in the field of insurance: Insurers' attitude to imprecise and conflicting probability estimates
• scientific article; zbMATH DE number 6613707 (Why is no real title available?)
• scientific article; zbMATH DE number 2076202 (Why is no real title available?)

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