On the Theory of Rational Insurance Purchasing: A Note
用Hurwicz准则分析个人最优保险购买量，并与期望效用最大化和后悔准则的结果比较，发现正免赔额往往不是最优。
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.