Capital and Risk Revisited: A Structural Equation Model Approach for Life Insurers
β Scribed by Etti G. Baranoff; Savas Papadopoulos; Thomas W. Sager
- Book ID
- 109158504
- Publisher
- John Wiley and Sons
- Year
- 2007
- Tongue
- English
- Weight
- 268 KB
- Volume
- 74
- Category
- Article
- ISSN
- 0022-4367
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
Ross and McWhirter (Ross and McWhirter, 1991. Unpublished paper) and Berketi and Macdonald (Berketi and Macdonald, 1999. Insurance: Mathematics and Economics 24, 117-138) showed that diversifying insolvency risk results in a substantial cost to the policyholders in terms of reduction in their expec
The author characterizes the classes of utility functions that are consistent with different notions of mean preserving spreads introduced in the literature. This gives rise to a unified approach and extension of some definitions of increasing risk, including the concepts of Rothschild and Stiglitz