Detailed Information
Cited 0 time in 
Cited 0 time in 
Cited 0 time in
Metadata Downloads
The optimal insurance demand under an ambiguity aversionopen accessThe optimal insurance demand under an ambiguity aversion
- Other Titles
- The optimal insurance demand under an ambiguity aversion
- Authors
- 홍지민
- Issue Date
- Dec-2022
- Publisher
- 한국파생상품학회
- Keywords
- Ambiguity aversion; Ambiguity; Downside ambiguity; Insurance demand
- Citation
- 선물연구, v.30, no.4, pp.296 - 308
- Journal Title
- 선물연구
- Volume
- 30
- Number
- 4
- Start Page
- 296
- End Page
- 308
- ISSN
- 1229-988X
- Abstract
- This study investigates insurance demand in a two-period model when a decision-maker (DM) is averse to the ambiguity of loss distributions. This study derives sufficient conditions such that the ambiguity-averse DM purchases more insurance than an ambiguity-neutral one when the DM maximises the expected utility. It also derives each sufficient condition to increase insurance demand as ambiguity aversion, ambiguity and downside ambiguity increase, respectively.
- Files in This Item
- Go to Link
- Appears in
Collections - ETC > 1. Journal Articles
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
Related Researcher
- Hong, Jimin
- College of Natural Sciences (Department of Statistics and Actuarial Science)