The Value of Information for Decision-making in Insurance View Full Text


Ontology type: schema:ScholarlyArticle     


Article Info

DATE

1969-09

AUTHORS

Philip Giles

ABSTRACT

A description is given of a number of problems and objectives within insurance, more particularly life assurance. The structure of decision-making locations and methods of collecting information for them, both routine and exploratory, are discussed. The difficulty of placing a value on information and its prompt collection are investigated, and related to estimation of probability and variance inherent in the application of judgement. The objectives of a life office without shareholders are considered. More... »

PAGES

293-308

Identifiers

URI

http://scigraph.springernature.com/pub.10.1057/jors.1969.74

DOI

http://dx.doi.org/10.1057/jors.1969.74

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1029793914


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