Skill and Chance in Insurance Policies
|Title:||Skill and Chance in Insurance Policies|
Marina, Maria Erminia
|Journal or Publication Title:|
AUCO Czech Economic Review, 5, 2, pp. 191-202
|Uncontrolled Keywords:||Skill, casino game, insurance|
In a game theoretical setting it is possible to assign a relative measurement of the skill required to each player for maximizing his payoff in a casino game; according to this approach we analyze the relevance of skill and chance in an insurance contract, both for the insurance company and for the customer.