Does risk attitude (aversion or attraction) vary with the level of the income at risk? About half of our subjects chose to insure all levels, whereas another half chose instead not to insure low levels, but to insure high levels.

administration of endotracheal surfactant is potentially the main treatment for neonates suffering from rds (respiratory distress syndrome), which is followed by mechanical ventilation. late and severe complications may develop as a consequence of using mechanical ventilation. in this study, conventional methods for treatment of rds are compared with surfactant administration, use of mechanical...

The decision to transfer or share an insurable risk is critical for the maker’s economy. This paper deals with this decision, starting definition of a function that represents difference between expected utility insuring, without deductibles, and not insuring. Considering constant relative aversion (CRRA) function, we provide pattern potential policyholders as their wealth level. obtained rule ...