Activity day:2014-04-08
Published At:2014-04-08
Views:213
2017-02-12 updated
各位學界的朋友:
國立臺灣大學計量理論與應用研究中心 (CRETA)、國立臺灣大學財務金融學系、國立政治大學商學院風險與保險研究中心、臺灣經濟計量學會 (TES) 於5 月 1 日 (四) 至 5 月 4日 (日) 很榮幸邀請到Professor Michael R. Powers (Tsinghua University, China) 至 CRETA 訪問,並於CRETA Workshop on Risk Theory 04進行專題演講。
*日期:2014 年 5 月 2 日 (五) 下午 14:00~15:50
*地點:國立臺灣大學管理學院一號館 2 樓冠德講堂 (台北市羅斯福路四段1號)
*演講主題:The Insurance Two-Envelope Problem: A Puzzle, Wrapped in an Oddity, inside a Paradox
講者簡介:
Professor Michael R. Powers is currently Professor of Risk and Insurance Mathematics and Chair of Department of Finance at Tsinghua University’s School of Economics and Management, China. Professor Powers is also an Associate Editor ofJournal of Insurance and Risk Management and Journal of Risk Management. His research articles have been published in several prestigious journals, such as Journal of Risk and Insurance, Insurance: Mathematics and Economics, and Risk Analysis.
講題摘要:
We employ the Insurance Two-Envelope Paradox of Powers and Zanjani (2013) to explore the disparate effects of bounded versus unbounded buyer utility in the presence of large monetary losses (negative gains). We find that these differences are potentially extreme, and argue that the practical impact of using unbounded utility functions in insurance modeling has received inadequate attention in the literature.