3 citations · 8 across the 16 of their papers we have counts for
4 papers · 1 filter
Betting under Common Beliefs: The Effect of Probability Weighting
Patrick Beissner, Tim Boonen, Mario Ghossoub
This paper examines the impact of introducing a Rank-Dependent Utility (RDU) agent into a von Neumann-Morgenstern (vNM) pure-exchange economy with no aggregate uncertainty. In the…
Incentive Pareto Efficiency in Monopoly Insurance Markets with Adverse Selection
Maria Andraos, Mario Ghossoub
We study a monopolistic insurance market with hidden information, where the agent's type is private information that is unobservable to the insurer, and it is drawn from a cont…
Optimal allocations with distortion risk measures and mixed risk attitudes
Mario Ghossoub, Qinghua Ren, Ruodu Wang
We study Pareto-optimal risk sharing in economies with heterogeneous attitudes toward risk, where agents' preferences are modeled by distortion risk measures. Building on comonoton…
Optimal Insurance in a Monopoly: Dual Utilities with Hidden Risk Attitudes
Mario Ghossoub, Bin Li, Benxuan Shi
We consider a monopoly insurance market with a risk-neutral profit-maximizing insurer and a consumer with Yaari Dual Utility preferences that distort the given continuous loss dist…