Rudiments of insurance purchasing: a graphical state-claims analysis

Yehuda Kahane*, Harris Schlesinger, Nitzan Yanai

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

1 Scopus citations


The purpose of this note is to show how some of the main results existing in the insurance literature can be easily and effectively illustrated using a state-claims approach instead of the traditional utility analysis, which is more popular in insurance research and teaching. This approach is used to show how the level of insurance purchased changes as a function of a fixed and proportional loading factor, and under varying degrees of risk aversion, and alternative state-dependent utility environment.

Original languageEnglish
Pages (from-to)211-217
Number of pages7
JournalInsurance: Mathematics and Economics
Issue number4
StatePublished - Dec 1988


  • Coinsurance
  • Loading
  • Optimal insurance
  • Risk aversion
  • State-claims approach
  • State-dependent utility
  • Utility


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