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Introduction to The Economic Theory of Annuities

Sheshinski, Eytan - Princeton University Press

providing insurance against lifetime uncertainty. The terms of these contracts depend on the information available to insurance … general analysis of survival functions, stochastic dominance, and characterization of changes in longevity, Eytan Sheshinski … derives the demand for annuities using a model of individuals who jointly choose their lifetime consumption and retirement age …

Persistent link: https://www.econbiz.de/10005453774

14.123 Microeconomic Theory III, Spring 2009

Eso, Peter - 2009

This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics,...

Persistent link: https://www.econbiz.de/10009432546

Risk aversion loss aversion, and the demand for insurance

Eeckhoudt, Louis; Fiori, Anna Maria; Rosazza Gianin, … - In: Risks : open access journal 6 (2018) 2, pp. 1-19

In this paper we analyze insurance demand when the utility function depends both upon final wealth and the level of … documented in real insurance markets. …

Persistent link: https://www.econbiz.de/10011867426

Life cycle versus balanced funds : an emerging market perspective

Louw, Elbie; Van Schalkwyk, Cornelis Hendrik; Reyers, … - In: South African journal of economic and management sciences 20 (2017) 1, pp. 1-11

Persistent link: https://www.econbiz.de/10011778237

A new class of ageing distributions

Riese, Martin - 2002

The class of new worse/better than used in expectation on average (NWUEA/NBUEA) distributions is proposed. It is defined by the requirement that for each age t a weighted average of mean residual lives be greater/smaller than the life expectancy at birth. The weights are the shares of ages up to...

Persistent link: https://www.econbiz.de/10009749619

Risk aversion loss aversion, and the demand for insurance

Eeckhoudt, Louis; Fiori, Anna Maria; Gianin, Emanuela … - In: Risks 6 (2018) 2, pp. 1-19

In this paper we analyze insurance demand when the utility function depends both upon final wealth and the level of … documented in real insurance markets. …

Persistent link: https://www.econbiz.de/10011996618

A new approach of stochastic dominance for ranking transformations on the discrete random variable

Gao, Jianwei; Zhao, Feng - 2016

This paper develops some new stochastic dominance (SD) rules for ranking transformations on a random variable, which is the first time to study ranking approach for transformations on the discrete framework. By using the expected utility theory, the authors first present a sufficient condition...

Persistent link: https://www.econbiz.de/10011572831

A new approach of stochastic dominance for ranking transformations on the discrete random variable

Gao, Jianwei; Zhao, Feng - In: Economics: The Open-Access, Open-Assessment E-Journal 11 (2017) 2017-14, pp. 1-23

This paper presents some new stochastic dominance (SD) criteria for ranking transformations on a random variable, which is the first time that this is done for transformations under the discrete framework. By using the expected utility theory, the authors first propose a sufficient condition for...

Persistent link: https://www.econbiz.de/10011650505

Almost first-degree stochastic dominance for transformations and its application in insurance strategy

Feng, Zhao; Gao, Jianwei; Gu, Yundong - 2018

transformations resulting from insurance and option strategy. …

Persistent link: https://www.econbiz.de/10011852917

A Note on Skewness Seeking:An Experimental Analysis

Brünner, Tobias; Levinsky, Rene; Qiu, Jianying - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

In this paper we experimentally test skewness seeking at the individuallevel. Several prospects that can be ordered with respect to the third-degreestochastic dominance (3SD) criterion are ranked by the participants of theexperiment. We find that the skewness of a distribution has a...

Persistent link: https://www.econbiz.de/10005866533