From the collection of the late Professor Sir Tony Atkinson. Hardcover (no jacket) in very good condition. Reprinted from the Geneva Papers on Risk and Insurance Theory: Volume 20, Number 1. Minor bumping to the front lower board edge and to the spine head. The pages are clean and clear, and the binding is sound. CM.

Bestandsnummer des Verk�ufers 461456

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Bibliografische Details

Titel

Non-Expected Utility and Risk Management

Verlag

Kluwer Academic Publishers, Boston / Dordrecht / London

Erscheinungsjahr

1995

Sprache

Englisch

ISBN-10

0792396421

ISBN-13

9780792396420

Einband

Hardcover

Zustand

Very Good

Zustand des Schutzumschlags

No Dust Jacket

Buchtyp

Used

Verk�uferkataloge

Economics

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Inhaltsangabe

Expected utility provides simple, testable properties of the optimum behavior that should be displayed by risk-averse individuals in risky decisions. Simultaneously, given the existence of paradoxes under the expected utility paradigm, expected utility can only be regarded as an approximation of actual behavior. A more realistic model is needed. This is particularly true when treating attitudes toward small probability events: the standard situation for insurable risks.
Non-Expected Utility and Risk Management examines whether the existing results in insurance economics are robust to more general models of behavior under risk.

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