Skill and Chance in Insurance Policies
AbstractIn a game theoretical setting it is possible to assign a relative measurement of the skill required to each player for maximizing his payoff in a casino game; according to this approach we analyze the relevance of skill and chance in an insurance contract, both for the insurance company and for the customer.
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Bibliographic InfoArticle provided by Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies in its journal AUCO Czech Economic Review.
Volume (Year): 5 (2011)
Issue (Month): 2 (August)
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Patrick Larkey & Joseph B. Kadane & Robert Austin & Shmuel Zamir, 1997. "Skill in Games," Management Science, INFORMS, vol. 43(5), pages 596-609, May.
- Dreef, M.R.M. & Borm, P.E.M. & Genugten, B.B. van der, 2001.
"A New Relative Skill Measure for Games with Chance Elements,"
2001-106, Tilburg University, Center for Economic Research.
- Marcel Dreef & Peter Borm & Ben van der Genugten, 2004. "A new relative skill measure for games with chance elements," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 25(5), pages 255-264.
- Dreef, M.R.M. & Borm, P.E.M. & Genugten, B.B. van der, 2004. "A new relative skill measure for games with chance elements," Open Access publications from Tilburg University urn:nbn:nl:ui:12-140730, Tilburg University.
- Borm, P.E.M. & Dreef, M.R.M. & Genugten, B.B. van der, 2004.
"Measuring skill in games: Several approaches discussed,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-142413, Tilburg University.
- Dreef, M.R.M. & Borm, P.E.M. & Genugten, B.B. van der, 2003. "Measuring Skill in Games: Several Approaches Discussed," Discussion Paper 2003-9, Tilburg University, Center for Economic Research.
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