INSURANCE BUYING GAMBLERS

被引：2

作者：

SZPIRO, GG

机构：

[1] Hebrew University of Jerusalem, Jerusalem

来源：

THEORY AND DECISION | 1992年 / 32卷 / 02期

关键词：

INSURANCE; GAMBLING; MORAL HAZARD; HARA UTILITY;

D O I：

10.1007/BF00134051

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The puzzling coincidence of gambling and insurance has often been analysed by taking recourse to utility functions with convex and concave regions. In this paper we show that it may be optimal for utility maximizing risk seekers to engage in insurance and gambling activities simultaneously. A possible reason for this behavior is that these individuals try to take advantage of a moral hazard situation.

引用

页码：203 / 207

页数：5

共 6 条

[1] ROLE OF INSURANCE AND GAMBLING IN ALLOCATING RISK OVER TIME [J].