Preferences representation in actuarial sciences |
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Authors: | Philippe Vincke |
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Institution: | Institut de Statistique , Code postal 210 , Campus Plaine U.L.B., Boulevard du Triomphe, 1050 , Bruxelles , Belgium |
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Abstract: | Abstract The paper presents a generalization of Bernoulli's principle and of Von Neumann-Morgenstern's theorem with a view to lending more realism to the representation of preferences in actuarial sciences. |
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