Skill and Chance in Insurance Policies

In 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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Year of publication:	2011
Authors:	Fragnelli, Vito ; Marina, Maria Erminia
Published in:	Czech Economic Review. - Institut ekonomických studií, ISSN 1802-4696. - Vol. 5.2011, 2, p. 191-202
Publisher:	Institut ekonomických studií
Subject:	Skill \| casino game \| insurance

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	C72 - Noncooperative Games ; G22 - Insurance; Insurance Companies ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009251317