Article contents
A Game Theoretic Look at Life Insurance Underwriting*
Published online by Cambridge University Press: 29 August 2014
Extract
The decision problem of acceptance or rejection of life insurance proposals is formulated as a two-person non cooperative game between the insurer and the set of the proposers. Using the minimax criterion or the Bayes criterion, it is shown how the value and the optimal strategies can be computed, and how an optimal set of medical informations can be selected and utilized.
- Type
- Research Article
- Information
- Copyright
- Copyright © International Actuarial Association 1980
Footnotes
Presented at the 14th ASTIN Colloquium, Taormina, October 1978.
References
- 6
- Cited by