Xiujun Wu
Abstract
The optimal insurance policy will offer full coverage above a deductible in case of a single loss,as Arrow and others have been proved long since.Assumed the price is given by distorted probability of the risk,which is different from the classic condition,optimality on multiple losses insurance is discussed.
A significance statement is not available in the OpenAlex record.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
The optimal insurance policy will offer full coverage above a deductible in case of a single loss,as Arrow and others have been proved long since.Assumed the price is given by distorted probability of the risk,which is different from the classic condition,optimality on multiple losses insurance is discussed.
Key concepts: Deductible, Arrow, Insurance policy, Actuarial science, Economics, Econometrics, Mathematical economics, Mathematics