‘Unlikeliness’ of Physical Risks

  • Immo Querner
Part of the Microeconomic Studies book series (MICROECONOMIC)


As suggested in the introduction, the ’unlikeliness-problem’ of EUA is closely related to the ‘Allaisparadox’, ‘certainty effect’, and (as it will be demonstrated later) to a so-called Zeckhauser-paradox, which is particularly relevant for physical risks. In order to clarify the discussion, this chapter will start with a brief review of EUA.


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Copyright information

© Physica-Verlag Heidelberg 1993

Authors and Affiliations

  • Immo Querner
    • 1
  1. 1.Berlin 12Germany

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