Skill and Chance in Insurance Policies

Vito Fragnelli () and Maria Erminia Marina ()
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Maria Erminia Marina: University of Genova, Department of Economics and Quantitative Methods, Genova, Italy, http://www.unige.it/

Czech Economic Review, 2011, vol. 5, issue 2, 191-202

Abstract: In a game theoretical setting it is possible to assign a relative measurement of the skill required to each player for maximizing his payoff in a casino game; according to this approach we analyze the relevance of skill and chance in an insurance contract, both for the insurance company and for the customer.

Keywords: Skill; casino game; insurance (search for similar items in EconPapers)
JEL-codes: C72 G22 J24 (search for similar items in EconPapers)
Date: 2011
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