TY  - JOUR 
AU  - Gutiérrez Díez, Pedro José
PY  - 2018
SN  - 1466-8297
UR  - http://uvadoc.uva.es/handle/10324/37803
AB  - We prove that, in standard insurance markets, rational agents have
an incentive to choose as subjective probabilities those incurring in an
optimism bias, since they imply real and objective net gains. Our agent-based
model of insurance markets...
LA  - spa
PB  - Inderscience
KW  - Agent-based stochastic model
KW  - Dynamical optimisation in economics
KW  - General equilibrium model
KW  - Arrow-Debreu securities
KW  - Subjective probabilities
KW  - Rationality
KW  - Optimism bias
KW  - Game theory
TI  - An agent-based model of rational optimism
DO  - 10.1504/IJRAM.2018.093743
ER  -