{"product_id":"non-expected-utility-and-risk-management-a-special-issue-of-the-geneva-papers-on-risk-and-insurance-theory-hardcover-1","title":"Non-Expected Utility and Risk Management: A Special Issue of the Geneva Papers on Risk and Insurance Theory - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eChristian Gollier\u003c\/b\u003e (Editor), \u003cb\u003eMark J. Machina\u003c\/b\u003e (Editor)\u003c\/p\u003e\u003cp\u003eExpected 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. \u003cbr\u003e \u003cem\u003eNon-Expected Utility and Risk Management\u003c\/em\u003e examines whether the existing results in insurance economics are robust to more general models of behavior under risk.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 150\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.56 x 9.58 x 6.26 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e September 30, 1995\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":46598138855621,"sku":"9780792396420","price":192.31,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0757\/6718\/5605\/files\/NZL8RjfZ5e9780792396420_2c85f66f-dc2b-42ee-9e62-18c939e8c3d5.webp?v=1785146860","url":"https:\/\/selloorium.com\/products\/non-expected-utility-and-risk-management-a-special-issue-of-the-geneva-papers-on-risk-and-insurance-theory-hardcover-1","provider":"Selloorium","version":"1.0","type":"link"}