Ambiguity on the insurer's side: the demand for insurance

Empirical evidence suggests that ambiguity is prevalent in insurance pricing and underwriting, and that often insurers tend to exhibit more ambiguity than the insured individuals (e.g., [23]). Motivated by these findings, we consider a problem of demand for insurance indemnity schedules, where the insurer has ambiguous beliefs about the realizations of the insurable loss, whereas the insured is an expected-utility maximizer. We show that if the ambiguous beliefs of the insurer satisfy a property of compatibility with the non-ambiguous beliefs of the insured, then there exist optimal monotonic indemnity schedules. By virtue of monotonicity, no ex-post moral hazard issues arise at our solutions (e.g., [25]). In addition, in the case where the insurer is either ambiguity-seeking or ambiguity-averse, we show that the problem of determining the optimal indemnity schedule reduces to that of solving an auxiliary problem that is simpler than the original one in that it does not involve ambiguity. Finally, under additional assumptions, we give an explicit characterization of the optimal indemnity schedule for the insured, and we show how our results naturally extend the classical result of Arrow [5] on the optimality of the deductible indemnity schedule.

Méthodes rapides et efficaces pour la résolution numérique d'équations de type Hamilton-Jacobi avec application à la simulation de feux de forêt

Cette th��se est divisée en trois chapitres. Le premier explique comment utiliser la méthode «level-set» de manière rigoureuse pour faire la simulation de feux de forêt en utilisant comme modèle physique pour la propagation le modèle de l'ellipse de Richards. Le second présente un nouveau sch��ma semi-implicite avec une preuve de convergence pour la solution d'une équation de type Hamilton-Jacobi anisotrope. L'avantage principal de cette méthode est qu'elle permet de réutiliser des solutions à des problèmes «proches» pour accélérer le calcul. Une autre application de ce sch��ma est l'homogénéisation. Le troisième chapitre montre comment utiliser les méthodes numériques des deux premiers chapitres pour étudier l'influence de variations à petites échelles dans la vitesse du vent sur la propagation d'un feu de forêt à l'aide de la th��orie de l'homogénéisation.

Ambiguity on the insurer's side: the demand for insurance

Empirical evidence suggests that ambiguity is prevalent in insurance pricing and underwriting, and that often insurers tend to exhibit more ambiguity than the insured individuals (e.g., [23]). Motivated by these findings, we consider a problem of demand for insurance indemnity schedules, where the insurer has ambiguous beliefs about the realizations of the insurable loss, whereas the insured is an expected-utility maximizer. We show that if the ambiguous beliefs of the insurer satisfy a property of compatibility with the non-ambiguous beliefs of the insured, then there exist optimal monotonic indemnity schedules. By virtue of monotonicity, no ex-post moral hazard issues arise at our solutions (e.g., [25]). In addition, in the case where the insurer is either ambiguity-seeking or ambiguity-averse, we show that the problem of determining the optimal indemnity schedule reduces to that of solving an auxiliary problem that is simpler than the original one in that it does not involve ambiguity. Finally, under additional assumptions, we give an explicit characterization of the optimal indemnity schedule for the insured, and we show how our results naturally extend the classical result of Arrow [5] on the optimality of the deductible indemnity schedule.

From Dante to the Romantics : The Reception History of Leigh Hunt's "The Story of Rimini"

1816 was arguably the most significant year in Leigh Hunt's career as a Romantic poet. After a two-year imprisonment, he had spent much of 1815 going back to the theatre and seeing Edmund Kean, the actor whom Hazlitt had praised so highly in the pages of The Examiner. [...]

Ernst Schroeder and Zermelo’s Anticipation of Russell’s Paradox

Ernst Zermelo presented an argument showing that there is no set of all sets that are members of themselves in a letter to Edmund Husserl on April 16th of 1902, and so just barely anticipated the same contradiction in Betrand Russell’s letter to Frege from June 16th of that year. This paper traces the origins of Zermelo’s paradox in Husserl’s criticisms of a peculiar argument in Ernst Schroeder’s 1890 Algebra der Logik. Frege had also criticized that argument in his 1985 “A Critical Elucidation of Some Points in E. Schroeder Vorlesungen über die Algebra der Logik”, but did not see the paradox that Zermelo found. Alonzo Church, in “Schroeder’s Anticipation of the Simple Theory of Types” from 1939, cricized Frege’s treatment of Schroeder’s views, but did not identify the connection with Russell’s paradox.

Molecular genetic characterization of endemic red -tailed barb,Gonoproktoptems curmuca (Hamilton - Buchanan, 1807)

The family Cyprinidae is the largest of freshwater fishes and, with the possible exception of Gobiidae, the largest family of vertebrates.Various members of this family are important as food fish, as aquarium fish, and in biological research. In this study, a fish species from this family exclusively found in the west flowing rivers originating from the Western Ghat region — Gonoproktopterus curmuca — was taken for population genetic analysis.There was an urgent need for restoration ecology by the development of apt management strategies to exploit resources judiciously. One of the strategies thus developed for the scientific management of these resources was to identify the natural units of the fishery resources under exploitation (Altukov, 1981). These natural units of a species can otherwise be called as stocks. A stock can be defined as a panmictic population of related individuals within a single species that is genetically distinct from other such populations.It is believed that a species may undergo micro evolutionary process and differentiate into genetically distinct sub-populations or stocks in course of time, if reproductively and geographically isolated.In recent times, there has been a wide spread degradation of natural aquatic environment due to anthropogenic activities and this has resulted in the decline and even extinction of some fish species. In such situations, evaluation of the genetic diversity of fish resources assumes important to conservation.The species selected for the study, was short-listed as one of the candidates for stock-specific, propagation assisted rehabilitation and management programme in rivers where it is naturally distributed. In connection with this, captive breeding and milt cryopreservation techniques of the species have been developed by the National Bureau of Fish Genetic Resources, Lucknow. However, for a scientific stock-specific rehabilitation programme, information on the stock structure and basic genetic profile of the species are essential and that is not available in case of G. curmuca. So the present work was taken up to identify molecular genetic markers like allozymes, microsatellites and RAPDs and, to use these markers to discriminate the distinct populations of the species, if any, in areas of its natural distribution. The genetic markers were found to be powerful tools to analyze the population genetic structure of the red-tailed barb and demonstrated clear cut genetic differentiation between pairs of populations examined. Geographic isolation by land distance is likely to be the factor that contributed to the restricted gene flow between the river systems. So the present study emphasizes the need for stock-wise, propagation assisted-rehabilitation of the natural populations of red-tailed barb, Gonoprokfopterus curmuca.

Toxicological effects of Copper and Mercury on the fish Macrones gulio (Hamilton-Buchanan)

Asha M. R This thesis Entitled Toxicological effects of copper and mercury on the fish macerones gulio (hamiloton – buchanan).Chapter 1. In this chapter, a broad outline of heavy metal uptake, requirement of a suitable bio — monitoring organism, criteria for a standard test fish, and suitability of Macrones gulig for the toxicological study are given. Chapter 2. This chapter deals with the lethal toxicity bioassays to find the 96 hr LC 50 of copper and mercury for the fish Macrones gglig. The experimental results indicated that of the two metals tested, copper was more toxic than mercury.Chapter 3. The effect of copper and mercury on the haemoglobin, haematocrit, erythrocyte count, MCV, MCH and MCHC was studied.Chapter 4. The glycogen and protein contents of liver and muscle after exposure to copper and mercury were studied. There was a significant decrease of glycogen in the liver and muscle of metal treated fishes.Chapter 5. The histopathological changes of the tissues like liver, kidney and gill after exposure to copper and mercury were studied.

Studies on the effect of steriod hormones on the gronth and biochemical composition of the mullet liza.parsia (hamilton)

The present study has helped in finding out an efficient growth promoting substance for the fry of Liza garsia. 1Zfimethyltestosterone at the dosages of 2 mg/kg diet is the most effective anabolic agent for Liza parsia. The study also shows that by incorporating 8 mg MT/kg of diet the protein level in the diet could be reduced from 35 to 30%. thereby a significant saving in the cost of feed could be obtained. Further, the anabolic effect of MT helps to reduce the rearing period during the production of fingerlings from the fry stage.

Nutritional Requirements Of The Fry Of Gold-Spot Mullet Liza Parsa (Hamilton)

Most tropical aquatic environments are naturally fertile and their natural fertility is renewed very rapidly. Natural food for many cultivable organisms can be grown to the maximum by proper management. However, enrichment of the environment can be done through rational fertilization. Still further increase in stocking rates, can yield increased crop if adequate feeding is done. Thus fish and shellfish nutrition is an important aspect of the multidisciplinary subject of aquaculture. The oldest and most classical studies in physiology have investigated the nutritional needs of the species of interest to aquaculture. The alimentary requirements for proteins, lipids, mineral salts and vitamins have been established for some temperate species. But, the nutritional requirements of only few tropical species have been studied. Before formulating a diet, a thorough knowledge of the nutrient requirement of the species is essential. It is against this background that the present area of investigation has been identified. "Nutritional requirements of the fry of gold-spot mullet Liza parsia" is a comprehensive attempt to quantify the nutritional factors that are essential for producing healthy fingerlings for stocking the farms. Aspects such as the protein and lipid requirements of the fry, the vitamin essentiality, nutritive evaluation of protein and lipid sources suitable for compounding diets were covered in this research project. The ultimate aim has been to evolve practical diets which could be applied in the nursery phase for juvenile production.

Studies on the digestive enzymes of the cultivable grey mullet liza parsia (hamilton buchanan, 1822)

Culturing of fish in captivity demands a detailed knowledge on well balanced diet and adequate feeding. Formulation and production of nutritionally balanced diets for fish require research, quality control and biological evaluation. It is often assuemed that what is ingested is also digested, but this is not always be the case. Digestion depends upon both the physical state of the food and the kind and quantity of enzymes in the digestive tract. The ability of fish to digest a particular component of diet can be ascertained by investigating the complement of digestive enzymes present along the digestive tract. Investigations on the basic digestive physiology will not only enhance our present knowledge on nutrition and feed development, but will also contribute in understanding the digestive functions of lower vertebrates. It is against this background that the present topic of investigation "Studies on the digestive enzymes of the cultivable grey mullet Liza parsia Hamilton Buchanan, l822" has been selected. The thesis is arranged and presented in eight chapters.