Journal article
A simple insurance model: optimal coverage and deductible
Annals of operations research, v 237(1-2), pp 263-279
01 Feb 2016
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
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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Details
- Title
- A simple insurance model: optimal coverage and deductible
- Creators
- Christopher Gaffney - Rutgers, The State University of New JerseyAdi Ben-Israel - Rutgers, The State University of New Jersey
- Publication Details
- Annals of operations research, v 237(1-2), pp 263-279
- Publisher
- Springer Nature
- Number of pages
- 17
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Decision Sciences (and Management Information Systems)
- Web of Science ID
- WOS:000370373500014
- Scopus ID
- 2-s2.0-84958567989
- Other Identifier
- 991021855603004721
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Data related to this publication, from InCites Benchmarking & Analytics tool:
- Web of Science research areas
- Operations Research & Management Science