✦ LIBER ✦
Choosing actuarial assumptions for pension plan valuations: an expected utility model : 074073 (E12,B12) Posey L.L., Shapiro A.F., Pennsylvania State University, USA, Astin Colloquium Leuven, 1995
- Book ID
- 104299560
- Publisher
- Elsevier Science
- Year
- 1996
- Tongue
- English
- Weight
- 117 KB
- Volume
- 17
- Category
- Article
- ISSN
- 0167-6687
No coin nor oath required. For personal study only.
✦ Synopsis
insurance theory to departures from the expected utility hypothesis on agents' risk preferences. The areas explored consist of individual demand for co-insurance . .~and deductible insurance, the structure of Paretoefficient bilateral insurance contracts, the structure of Pareto-efficient multilateral risk-sharing agreements, and self-insurance and self-protection. Most, though not all, of the basic results in this area are found to be quite robust to dropping the expected utility hypothesis.