Construct · 1 fields · 1 citations

Mossin's theorem: a standalone construct

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Insurance economics

the result that a risk-averse buyer facing a premium loaded above expected loss chooses less than full coverage.

In insurance economics, Mossin's theorem refers to the result that a risk-averse buyer facing a premium loaded above expected loss chooses less than full coverage. This meaning comes from Mossin (1968) in Journal of Political Economy.[1]

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Nearby constructs

coverage3 fields · 3 citationsjingle · one word, three constructs loss2 fields · 3 citationsjingle · one word, two constructs premium4 fields · 4 citationsjingle · one word, four constructs

References

Mossin, J. (1968). Aspects of Rational Insurance Purchasing. Journal of Political Economy, 76(4, Part 1), 553-568. https://doi.org/10.1086/259427

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