Rationality of Life Insurance Behavior under Economic Uncertainty
نویسندگان
چکیده
منابع مشابه
Economic Rationality under Uncertainty
Though uncertainty pervades all aspects of life and human action, it has a rather short history in economics. Surprisingly, Daniel Bernoulli’s (1738) notion of expected utility, which suggests that (in games of chance) monetary risky ventures ought to be evaluated by the sum of utilities of outcomes weighted by the corresponding probabilities, was not immediately used in economic theory. Indeed...
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ژورنال
عنوان ژورنال: JOURNAL OF INTERNATIONAL BUSINESS AND ECONOMICS
سال: 2019
ISSN: 2374-2208,2374-2194
DOI: 10.15640/jibe.v7n1a3