Paying to improve your chances: Gambling or insurance?

DOI10.1007/BF00056159MaRDI QIDQ806813zbMATH OpenOpenAlexFDO

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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