Demand for insurance with nonadditive probabilistic beliefs

被引：0

作者：

Wang, Jianli ^{[1
]}

Su, Yingrong ^{[2
]}

Li, Jingyuan ^{[3
]}

Yick, Ho Yin ^{[3
]}

机构：

[1] Nanjing Univ Aeronaut & Astronaut, Coll Econ & Management, Nanjing 211106, Peoples R China

[2] Zhongnan Univ Econ & Law, Econ Sch, Wuhan, Peoples R China

[3] Lingnan Univ, Dept Finance & Insurance, Mun, Hong Kong, Peoples R China

来源：

BULLETIN OF ECONOMIC RESEARCH | 2022年 / 74卷 / 03期

基金：

中国国家自然科学基金;

关键词：

Choquet integrals; demand for insurance; Jensen's inequality; uncertainty aversion; EXPECTED UTILITY; MOSSINS THEOREM; AMBIGUITY; UNCERTAINTY; COVERAGE; AVERSION; CHOICE; MODEL;

D O I：

10.1111/boer.12322

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This work examines optimal demand for insurance coverage when the insured has nonadditive subjective probability beliefs about loss uncertainty. By showing the equivalent conditions of Jensen's inequality under the Choquet expected utility framework, we not only provide the threshold on the insurance premium for Mossin's theorem to hold but also explore the joint effect of both risk aversion and uncertainty aversion on optimal insurance demand.

引用

页码：854 / 862

页数：9

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