{"product_id":"non-expected-utility-and-risk-management-christian-gollier-9780792396420","title":"Non-Expected Utility and Risk Management: A Special Issue of the Geneva Papers on Risk and Insurance Theory","description":"Expected utility provides simple, testable properties of the optimum behavior that should be displayed by risk-averse individuals in risky decisions. Simultaneously, given the existence of paradoxes under the expected utility paradigm, expected utility can only be regarded as an approximation of actual behavior. A more realistic model is needed. This is particularly true when treating attitudes toward small probability events: the standard situation for insurable risks. \u003cbr\u003e \u003cem\u003eNon-Expected Utility and Risk Management\u003c\/em\u003e examines whether the existing results in insurance economics are robust to more general models of behavior under risk.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Christian Gollier\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0792396421\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780792396420\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Springer\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/30\/1995\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 150\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.81lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.58h x 6.26w x 0.56d","brand":"Christian Gollier","offers":[{"title":"Hardcover","offer_id":48517438996735,"sku":"9780792396420","price":109.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_fba09090-ed90-4ea5-a741-de81da989be7.jpg?v=1778731899","url":"https:\/\/www.whiterainbookhouse.com\/products\/non-expected-utility-and-risk-management-christian-gollier-9780792396420","provider":"WR Book House","version":"1.0","type":"link"}