2 résultats pour « mathematical »

A Duality Between Utility Transforms and Probability Distortions

Date : Tags : , , , , ,
This paper presents a fundamental #mathematical duality linking utility transforms and #probability distortions, which are vital in #decisionmaking under #risk. It reveals that these concepts are characterized by commutation, allowing for simple axiomatization with just one property. Additionally, rank-dependent utility transforms are further characterized under monotonicity conditions.
Lire la suite

A Unified Theory of Decentralized Insurance

Date : Tags : , , , , ,
This paper discusses #decentralized#insurance and its various forms of #risksharing mechanisms developed worldwide. It highlights the need for a unified #mathematical framework to describe the commonalities and relationships between different forms of #peertopeer insurance. The framework allows for a comparison of existing practices and the design of hybrid and innovative #models .
Lire la suite