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Article Dans Une Revue Theory and Decision Année : 2022

Optimality of deductible: a characterization, with application to Yaari’s dual theory

Résumé

The main purpose of this paper is to show that left-monotone risk aversion, a meaningful refinement of strong risk aversion, characterizes decision makers for whom deductible insurance is optimal. A second goal is to prove that the deductible’s computation is particularly tractable in the case of Yaari’s decision makers.
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Dates et versions

hal-03722936 , version 1 (13-07-2022)

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Alain Chateauneuf, Michèle Cohen, Mina Mostoufi. Optimality of deductible: a characterization, with application to Yaari’s dual theory. Theory and Decision, 2022, 92, pp.569-580. ⟨10.1007/s11238-022-09880-1⟩. ⟨hal-03722936⟩
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