Insurance Purchasing under Ambiguity

Name: Insurance Purchasing under Ambiguity
Brand: VDM Verlag
SKU: 9783639378399
Price: 51.02 EUR
Availability: InStock

Автор: Ahmad Banki

Език:

Корици: С меки корици

Издател: VDM Verlag

Наличност: Налично при издателя, по поръчка

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51.02 € 99.78 лв

This work addresses the limitations of the expected utility theory in predicting risk preference und...

Информация за книгата

Автор

Ahmad Banki

Език

Английски език

Корици

Книга - С меки корици

Издадена

2011

страници

EAN

9783639378399

ISBN

3639378393

Enbook ID

06844365

Издател

VDM Verlag

Теглоt

122

Размери

152 x 229 x 5

Пълно описание

This work addresses the limitations of the expected utility theory in predicting risk preference under low probabilities. This topic has particularly not been addressed before when ambiguity is coupled with low probability estimates. The reader will find a theoretical analysis of ambiguity aversion when individuals purchase insurance for low-probability loss events. The topic has been looked into under the light of forest carbon offsets and the need for insurance for unavoidable losses of the sequestrated carbon. That is because wildfire losses have small probabilities of occurrence and are associated with ambiguity. The growing importance of using biological sinks toward emissions reduction only heighten the significance of this topic. The book also offers an experimental design involving three phases, including a replica of a previous study on insurance behaviour, the addition of the ambiguity factor, and two methods of measuring ambiguity preference. This book is particularly useful for experimental and environmental economists, and anyone interested in government policies pertaining carbon offsets.

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Insurance Purchasing under Ambiguity

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