Abstract
Aggregation functions and utility functions belong to very interesting parts of modern decision making theory. We develop basic concept of the connection of aggregation functions theory and utility theory to determine gross annual premium in general insurance. We introduce specific values of the gross annual premium on the basis of aggregation of the person’s utility functions which were determined empirically based on a short personal interview. Moreover, by specific utility function we determine minimal gross annual premium acceptable for the insurer.
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Špirková, J. (2011). Premium Based on Mixture Utility. In: Christiansen, H., De Tré, G., Yazici, A., Zadrozny, S., Andreasen, T., Larsen, H.L. (eds) Flexible Query Answering Systems. FQAS 2011. Lecture Notes in Computer Science(), vol 7022. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-24764-4_31
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DOI: https://doi.org/10.1007/978-3-642-24764-4_31
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