{"title":"Examining the possibility of insurance contract conclusion based on utility function","authors":"Alexander V. Sachkov","doi":"10.21638/11701/spbu10.2023.305","DOIUrl":null,"url":null,"abstract":"The problem of a potential insurance contract conclusion is considered taking into account client’s money utility function. A basic model is employed for practical calculations and a formula is proposed and tried for two utility functions corresponding to polar income decile groups. Conclusions are made with suggested future research directions.","PeriodicalId":477285,"journal":{"name":"Вестник Санкт-Петербургского университета","volume":"70 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Вестник Санкт-Петербургского университета","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.21638/11701/spbu10.2023.305","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
The problem of a potential insurance contract conclusion is considered taking into account client’s money utility function. A basic model is employed for practical calculations and a formula is proposed and tried for two utility functions corresponding to polar income decile groups. Conclusions are made with suggested future research directions.