Astln Bulletin 11 (198o) 1-16 A GAME T H E O R E T I C LOOK AT L I F E I N S U R A N C E UNDERWRITING* JEAN LEMAIRE Universit6 Libre de Bruxelles Tim decision problem o[ acceptance or rejection of life insurance proposals is formulated as a ~vo-person non cooperattve game between the insurer and the set of the proposers Using the mmtmax criterion or the Bayes criterion, ~t ~s shown how the value and the optunal stxateg~es can be computed, and how an optimal s e t of medina!, mformatmns can be selected
Game Theory in Life Insurance The insurance industry has long been applying game theory to evaluate whether or not individuals are insurable and determine how much premium to charge them based on their apparent needs. This interaction between the consumer and the insurance company can be characterized as a game because not only are they playing against one another but each party is waging on an outcome more beneficial to them. In a traditional life insurance, there are many variables to consider
of a universal health care system, the United States are lacking in accommodating their citizens with services that many counties see as a public good or even a human right. For years, American’s have been under pressure to search for health care insurance without the guarantee of coverage (SOURCE MICHEAL MOORE). Health care seems to be on on going topic in American politics and it has its reasons (SOURCE SPRINGER LINK). As of recently, many Americans did not have access to health care without being
Executive summary This essay provides a literature review of motivation theories. The motivation theories are included Herzberg's Two-Factor Theory and Maslow's Hierarchy of Needs. As motivation important to managers and company to manage the staffs, and motivation is about everyone. In two motivation theories, I found that the difference between Herzberg's Two-Factor Theory and Maslow's Hierarchy of Needs are that, Two-Factor Theory identified the fives levels of needs that satisfied in motivating employees
or other external situations. Some common financial problems that are experienced by employees include: minimal or no medical insurance, mortgage payments, gambling addictions, lack of savings, and fraud (Shinnick, 2009). Regardless if the hardship is self inflicted or beyond one’s control the effects on motivation in the workplace are still present. Having medical insurance ensures peace of mind that
this issue. If new rules and equipment are imposed in the NFL more players won’t be forced to retire as a result of an injury. Future health issues will furthermore be reduced in the players. Players will additionally be less inclined to receive insurance money after an injury, which usually is a finical loss in the NFL. However many sports analysts all have a concern that our society will lose interest and that football will die out due to the extensive rules that have been placed to prevent injuries
AGAINST THE GODS The Remarkable Story of Risk By Peter L. Bernstein I have to admit I was pleasantly surprised by Against the Gods. I expected this book to be a typical dry book on a given financial subject, detailing use, application, and theory. I completely took for granted the fact that math, particularly risk, has history. The author did a fantastic job of painting a picture and explaining how, why and when concepts we use today came into being. While reading this book I became excited
USURY ( RIBA) , GHARAR (UNCERTAINTY) & MAySIR (GAMBLING) USURY ( RIBA) Definition: In literal meaning, riba or interest means excess,increase or addition. In Islamic terminology, riba means effortless profit or the profit that comes from the late payment from the loan. The interest charge for late payment in the repayment of a loan is considered as riba. (an-nahlu : 90) Allah allows trade and prohibited riba (2 : 275) Interest is only considered as riba if the amount loaned
This non-fiction book was written by an economist at the University of Chicago, Steven Levitt, and a New York Times journalist, Stephen J. Dubner. The book is written in a manner of self-help in which readers themselves, who are after innovation in business and marketing, are able to incentivize and persuade the people. The main message focuses on making decisions and choices appealing to a larger group that could have once started off as a decision to be of one’s own private benefit. In order,
Holcomb Hathaway.ISBN: 978-1934432006 Risk management program for local sports organization, Retrievfromhttps://www.sadlersports.com/riskmanagement/sports-insurance-risk.php QUE-2 JENNINGS V NORTH CAROLINA 482 F. 3D 686(2007) Identity (1-4) May be done in executive summary format Plaintiff- Melissa Jennings Defendant (provide the theory of liability and defenses for the defendant(s). University of North Carolina - Coach Anson Dorrance Title VII protects employees from employer retaliation