Gollier, Christian - In: Economic Theory 57 (2014) 3, pp. 555-576
">1965</CitationRef>) that it contains a straight deductible. In this paper, we assume that the policyholder is ambiguity averse in the … contract depends upon the structure of the ambiguity. For example, if the set of possible priors can be ranked according to the …’s ambiguity aversion may have the counterintuitive effect to reduce the optimal insurance coverage of an ambiguous risk. Copyright …