On the Theory of Rational Insurance Purchasing: A Note
研究个体在Hurwicz准则下购买保险的最优金额，并与期望效用最大化及Savage后悔准则的结果比较，发现正免赔额常非最优。
ABSTRACT The authors consider the optimal amount of insurance purchased by an individual who behaves according to the Hurwicz criterion of choice under uncertainty. Their results are compared with earlier results obtained in alternative frameworks (expected utility maximization and Savage's regret criterion). It is shown that a positive amount deductible is often suboptimal.