Titlebook: Emerging Trends in Intelligent and Interactive Systems and Applications; Proceedings of the 5 Madjid Tavana,Nadia Nedjah,Reda Alhajj Confer

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Consumer’s Optimal Decision and the Role of Insurance in the Risk State—An Analytical Perspective Banction to analyze the function and social value of insurance. The conclusion is as follows: Since the utility of definite income is greater than the utility of expected income under uncertain conditions, the purchase of insurance can enhance the welfare of the individual. Risk averse consumer purcha

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