𝔖 Bobbio Scriptorium
✦   LIBER   ✦

A mistaken argument against the expected utility theory of rationality

✍ Scribed by John Broome


Publisher
Springer US
Year
1985
Tongue
English
Weight
243 KB
Volume
18
Category
Article
ISSN
0040-5833

No coin nor oath required. For personal study only.


πŸ“œ SIMILAR VOLUMES


Optimal insurance without expected utili
πŸ“‚ Article πŸ“… 1996 πŸ› Elsevier Science 🌐 English βš– 117 KB

Models of the insurance markets and institutions are routinely based on expected utility. Since EU is being challenged by an increasing number of decision models, we examine whether EU-based models are robust in their predictions. To do so, we rework some basic models of optimal insurance contracts