The optimization on the viatical insurance market

• Authors: Heilpern Stanisław , Dębicka Joanna
• Languages of publication: EN

Keywords

EN

viatical settlement; multistate model; Bernoulli principle; Rank Dependent; Expected Utility Theory; Cumulative Prospect Theory

• Publisher: Uniwersytet Ekonomiczny we Wrocławiu. Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
• Journal: Śląski Przegląd Statystyczny
• Year: 2020
• Issue: 18 (24)
• Pages: 249-253

Contributors

author

Heilpern Stanisław

• Wroclaw University of Economics and Business, Poland

author

Dębicka Joanna

• Wroclaw University of Economics and Business, Poland

References

• Dębicka J., Heilpern S., 2017, Investor’s expected profit from viatical settlement. 20th AMSE. Applications of Mathematics in Economics. International Scientific Conference: International Scientific Conference: Szklarska Poręba, Poland, 30 Aug-3 Sept 2017. Conference Proceedings.
• Dębicka J., Heilpern S., 2020, The optimization of insurance contracts on the viatical market – in press.
• Hey J.D., 2004, Intermediate Microeconomics: People are Different, McGraw-Hill, London.
• Kahneman D., Tversky A., 1979, Prospect theory: An analysis of decision under risk, Econometrica, 47, pp. 313-327.
• Quiggin J., 1982, A theory of anticipated utility, Journal of Economic Behavior and Organization, vol. 3, pp. 323-343.
• Tversky A., Kahneman D., 1992, Advances in prospect theory: cumulative representation of uncertainty, Journal of Risk and Uncertainty, vol. 5, pp. 297-323.
• von Neumann J., Morgenstern O., 1944, Theory of Games and Economic Behavior, Princeton University Press, Princeton.