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When Effort Rimes with Advantageous Selection: A New Approach to Life Insurance Pricing
advantageous selection precautionary effort life insurance
2009/5/7
This paper investigates the demand for and pricing of life insurance when insureds’ risk aversion is correlated with their precautionary effort. We assume that the population is divided into two grou...
When Effort Rimes with Advantageous Selection: A New Approach to Life Insurance Pricing
advantageous selection precautionary effort
2010/12/7
This paper investigates the demand for and pricing of life insurance when insureds’ risk aversion is correlated with their precautionary effort. We assume that the population is divided into two group...