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Risk-reshaping contracts and stochastic optimization. (English) Zbl 0958.91034

Summary: Insurance contracts and lotteries are just the opposite sides of the same coin: These are contracts, which allow to reshape an uncertain financial position by exchanging risks between two contractors. In this paper, we discuss some basic problems of operations research which are connected with such kind of contracts.

MSC:

91B40 Labor market, contracts (MSC2010)
91B30 Risk theory, insurance (MSC2010)
90C15 Stochastic programming
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