no code implementations • 4 Dec 2023 • Tim J. Boonen, Xia Han
The structure of these optimal indemnities remains unchanged if there is a limit on the insurance premium budget.
no code implementations • 14 Oct 2020 • Corina Birghila, Tim J. Boonen, Mario Ghossoub
We examine a problem of demand for insurance indemnification, when the insured is sensitive to ambiguity and behaves according to the Maxmin-Expected Utility model of Gilboa and Schmeidler (1989), whereas the insurer is a (risk-averse or risk-neutral) Expected-Utility maximizer.
