• Corpus ID: 251589429

An axiomatic theory for anonymized risk sharing

@inproceedings{Jiao2022AnAT,
  title={An axiomatic theory for anonymized risk sharing},
  author={Zhanyi Jiao and Steven Kou and Yang Liu and Ruodu Wang},
  year={2022}
}
We study an axiomatic framework for anonymized risk sharing. In contrast to traditional risk sharing settings, our framework requires no information on preferences, identities, private operations and realized losses from the individual agents, and thereby it is useful for modeling risk sharing in decentralized systems. Four axioms natural in such a framework – actuarial fairness, risk fairness, risk anonymity, and operational anonymity – are put forward and discussed. We establish the… 

Figures from this paper

References

SHOWING 1-10 OF 55 REFERENCES

Positive Operators

Book of positive operators, as an amazing reference becomes what you need to get, and book, as a source that may involve the facts, opinion, literature, religion, and many others are the great friends to join with.

MORTALITY CREDITS WITHIN LARGE SURVIVOR FUNDS

Abstract Survivor funds are financial arrangements where participants agree to share the proceeds of a collective investment pool in a predescribed way depending on their survival. This offers

Bitcoin: An Axiomatic Approach and an Impossibility Theorem

This novel axiomatic formalization allows us to characterize what other protocols are feasible: every protocol with these properties must have the same reward scheme as Bitcoin, which implies an impossibility result for risk-averse miners.

Peer-to-Peer Multi-Risk Insurance and Mutual Aid

Peer-to-peer (P2P) insurance is a decentralized network in which participants pool their resources together to compensate those who suffer losses. It is a revival of a centuries-old practice in many

Equilibrium in a Reinsurance Market

This paper investigates the possibility of generalizing the classical theory of commodity markets to include uncertainty. It is shown that if uncertainty is considered as a commodity, it is possible

Characterizations of Conditional Expectations

Co-monotone allocations, Bickel-Lehmann dispersion and the Arrow-Pratt measure of risk aversion

It follows that unless the uninsured position is Bickel and Lehmann more dispersed than the insured position, the existing contract can be improved so as to raise the expected utility of both parties, regardless of their (concave) utility functions.

The Dual Theory of Choice under Risk

This paper investigates the consequences of the following modification of Expected Utility theory: instead of requiring independence with respect to probability mixtures of risky prospects, require

Risk‐sharing rules and their properties, with applications to peer‐to‐peer insurance

Increasing risk: I. A definition

...