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Multiattribute expected utility without the Archimedean axiom

✍ Scribed by Peter C Fishburn; Irving H LaValle


Publisher
Elsevier Science
Year
1992
Tongue
English
Weight
1009 KB
Volume
36
Category
Article
ISSN
0022-2496

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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