<> "The repository administrator has not yet configured an RDF license."^^ . <> . . . "Incorporating model uncertainty into optimal insurance contract design"^^ . "In stochastic optimization models, the optimal solution heavily depends on the selected probability model for the scenarios. However, the scenario models are typically chosen on the basis of statistical estimates and are therefore subject to model error. We demonstrate here how the model uncertainty can be incorporated into the decision making process. We use a nonparametric approach for quantifying the model uncertainty and a minimax setup to find model-robust solutions. The method is illustrated by a risk management problem involving the optimal design of an insurance contract."^^ . "2017-03-19" . . . "73" . . "Elsevier"^^ . . . "Insurance: Mathematics and Economics"^^ . . . "01676687" . . . . . . . . . . . . . "A."^^ . "Timonina-Farkas"^^ . "A. Timonina-Farkas"^^ . . "G."^^ . "Pflug"^^ . "G. Pflug"^^ . . "S."^^ . "Hochrainer-Stigler"^^ . "S. Hochrainer-Stigler"^^ . . . . . . "Incorporating model uncertainty into optimal insurance contract design (Text)"^^ . . . . "Model_Ambiguity_Pre_Print.pdf"^^ . . . "Incorporating model uncertainty into optimal insurance contract design (Other)"^^ . . . . . . "lightbox.jpg"^^ . . . "Incorporating model uncertainty into optimal insurance contract design (Other)"^^ . . . . . . "preview.jpg"^^ . . . "Incorporating model uncertainty into optimal insurance contract design (Other)"^^ . . . . . . "medium.jpg"^^ . . . "Incorporating model uncertainty into optimal insurance contract design (Other)"^^ . . . . . . "small.jpg"^^ . . . "Incorporating model uncertainty into optimal insurance contract design (Other)"^^ . . . . . . "indexcodes.txt"^^ . . "HTML Summary of #14272 \n\nIncorporating model uncertainty into optimal insurance contract design\n\n" . "text/html" . .