Catastrophe Futures: A Better Hedge for Insurers
نویسندگان
چکیده
منابع مشابه
Information Aggregation in a Catastrophe Futures Markets
We experimentally examine a reinsurance market in which participants have differing information regarding the probability distribution over losses. The key question is whether the market equilibrium reflects traders maximizing value with respect to their different priors, or whether the equilibrium is one based on a common belief incorporating all participants’ information. When assuming subjec...
متن کاملInformation Aggregation in a Catastrophe Futures Market
We experimentally examine a reinsurance market in which participants have differing information regarding the probability distribution over losses. The key question is whether the market equilibrium reflects traders maximizing value with respect to their different priors, or whether the equilibrium is one based on a common belief incorporating all participants’ information. When assuming subjec...
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ژورنال
عنوان ژورنال: The Journal of Risk and Insurance
سال: 1992
ISSN: 0022-4367
DOI: 10.2307/253345