Paying to improve your chances: Gambling or insurance?

DOI10.1007/BF00056159zbMATH Open0729.90711OpenAlexW2065398971MaRDI QIDQ806813FDOQ806813

Authors: Martin McGuire, John W. Pratt, Richard J. Zeckhauser 

Publication date: 1991

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf00056159

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

• Self-insurance, self-protection and increased risk aversion

Cited In (7)

• The market value of preventive activities: A contingent-claims approach
• The effect of the background risk in a simple chance improving decision model
• Do risk lovers invest in self-protection?
• Willingness to pay, the risk premium and risk aversion
• Risky targets and effort
• Degree of downside risk aversion and self-protection
• Conditional payments and self-protection

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