A simple insurance model: optimal coverage and deductible
نویسندگان
چکیده
An insurance model, with realistic assumptions about coverage, deductible and premium, is studied. Insurance is shown to decrease the variance of the cost to the insured, but increase the expected cost, a tradeoff that places our model in the Markowitz mean–variance model.
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ورودعنوان ژورنال:
- Annals OR
دوره 237 شماره
صفحات -
تاریخ انتشار 2016