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Axiomatic Characterization of Insurance Prices
Character izat ion of Insurance Pr i ces Shaun S. Wang ~ Virginia R. Young b Harry H. Panjer" aDept ... decision-maker with an increasing utility function u: E[u(-X)] > E[u(-Y)]. That is, every individual who thinks ...- Authors: Harry H Panjer, Virginia Ruth Young, Shaun Wang
- Date: Jan 1997
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Economics>Financial economics; Modeling & Statistical Methods