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£74.25
Springer Non-Expected Utility and Risk Management: A Special Issue of the Geneva Papers on Risk and Insurance Theory
Price data last checked 50 day(s) ago - refreshing...
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Last 41 days • 41 data points (No recent data available)
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Price distribution over 41 days • 2 price levels
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Most common price: £73 (30 days, 73.2%)
Price range: £73 - £74
Price levels: 2 different prices over 41 days
Description
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.
Product Specifications
- Brand
- Springer
- Format
- paperback
- ASIN
- 9048157994
- Domain
- Amazon UK
- Release Date
- 05 December 2010
- Listed Since
- 20 September 2010
Barcode
No barcode data available
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