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Possibilistic risk aversion and coinsurance problem

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  • Irina Georgescu

    (Academy of Economic Studies
    Universidad Loyola-Andalucia)

Abstract

The coinsurance problem is an important topic in insurance decisions. A risk-averse agent should choose a coinsurance rate maximizing the expected final wealth. In this paper, we propose a possibilistic model of coinsurance problem. A decision problem whose solution is the optimal coinsurance is formulated. Some of its properties, the calculation modality and its behavior towards the changes of risk aversion are studied.

Suggested Citation

  • Irina Georgescu, 2013. "Possibilistic risk aversion and coinsurance problem," Fuzzy Information and Engineering, Springer, vol. 5(2), pages 221-233, June.
    • Handle: RePEc:spr:fuzinf:v:5:y:2013:i:2:d:10.1007_s12543-013-0136-2
    DOI: 10.1007/s12543-013-0136-2
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    References listed on IDEAS

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    1. MOSSIN, Jan, 1968. "Aspects of rational insurance purchasing," LIDAM Reprints CORE 23, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Georgescu, Irina, 2008. "Possibilistic Risk Aversion," Working Papers 476, IAMSR, Åbo Akademi.
    3. L. Eeckhoudt & C. Gollier & H. Schlesinger, 2005. "Economic and financial decisions under risk," Post-Print hal-00325882, HAL.
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    Cited by:

    1. Irina Georgescu, 2019. "Expected utility operators and coinsurance problem," Papers 1908.06927, arXiv.org.

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