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Decision Under Risk : The Non-Additive Case

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Author Info
Nomia, O.
Abstract

In this chapter, we derive Yaari's model of decision under risk in connection with Schmeidler's model of decision under uncertainty. The model is illustrated with two applications in insurance theory. Final comments concern the general Rank Dependent Expected Utility (RDEU) model.

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Publisher Info
Paper provided by Université Panthéon-Sorbonne (Paris 1) in its series Papiers d'Economie Mathématique et Applications with number 2000.115.

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Length: 18 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:fth:pariem:2000.115

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Postal: France; Universite de Paris I - Pantheon- Sorbonne, 12 Place de Pantheon-75005 Paris, France
Web page: http://cermsem.univ-paris1.fr/
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Related research
Keywords: RISK ; ECONOMIC MODELS ; INSURANCE;

Find related papers by JEL classification:
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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This page was last updated on 2009-12-16.

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