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Keywords: Downside ambiguity
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Journal Articles
Journal of Derivatives and Quantitative Studies: Seonmul yeon’gu (2022) 30 (4): 296–308.
Published: 14 September 2022
... maximises the expected utility. It also derives each sufficient condition to increase insurance demand as ambiguity aversion, ambiguity and downside ambiguity increase, respectively. In recent years, natural disasters such as floods and droughts by climate change are causing massive losses in property...
