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Harrison et al., 2016 - Google Patents

Evaluating the expected welfare gain from insurance

Harrison et al., 2016

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Document ID
2931818849627744295
Author
Harrison G
Ng J
Publication year
Publication venue
Journal of Risk and Insurance

External Links

Snippet

Economic theory tells us how to evaluate the expected welfare gain from insurance products on offer to individuals. If we know the risk preferences of the individual, and subjective beliefs about loss contingencies and likelihood of payout, there is a certainty equivalent of …
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