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Paying to improve your chances: Gambling or insurance? (English) Zbl 0729.90711

MSC:
91B16 Utility theory
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[1] Arrow, Kenneth J. (1963). ?Uncertainty and the Welfare Economics of Medical Care,? American Economic Review 53, 941-973.
[2] Dionne, Georges and Louis, Eeckhoudt. (1985). ?Self-Insurance, Self-Protection, and Increased Risk Aversion,? Economic Letters 17, 39-42. · Zbl 1273.91235 · doi:10.1016/0165-1765(85)90123-5
[3] Ehrlich, Isaac and Gary S., Becker. (1972). ?Market Insurance, Self-Insurance, and Self-Protection,? Journal of Political Economy 80, 623-648. · doi:10.1086/259916
[4] Hirshleifer, Jack and John G. Riley. (1979). ?The Analytics of Uncertainty and Information?An Expository Survey,? Journal of Economic Literature 17, 1375-1421.
[5] McGuire, Martin C. (1988). ?Alliance Protection Against National Emergency: Prevention, Preparedness, and Reciprocal Insurance,? mimeo, Department of Economics, University of Maryland.
[6] McGuire, Martin C. and Hirofumi Shibata. (1988). ?Protection of Domestic Industries vs. Defense Against Possible Disruptions: Some Neglected Dimensions,? Pew Working Paper, University of Maryland, May.
[7] Pauly, Mark V. (1974). ?Overinsurance and Public Provision of Insurance,? Quarterly Journal of Economics 88, 44-62. · doi:10.2307/1881793
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