Our results show that an optimal strategy for the insurer is to buy a two-layer reinsurance policy for each line of business, and it reduces to be a one-layer reinsurance contract for premium principles satisfying some additional mild conditions, which are met by the expected value principle, standard deviation principle and Wang's principle among many others.
Descartes holds that there is a single series that God preordains and that is (as would be expected) immutable (Principles I:40 41, AT 8A:20, CSM 1 206).
Thus, it might be expected that principles of decision making found in actual moral dilemma situations only show one aspect of a moral general decision principle in humans which is based on each person's value concept.
Even more surprisingly, Fuggetta et al. [48] observed improved visual search performance when a target appeared at a location which could be expected from principles of good continuation of the target's successive position from one trial to the next.
Finally, to illustrate the applicability of our results, we derive the optimal reinsurance explicitly for both the expected value principle and Wang's principle.
Because of these two reasons, it is practically often impossible to apply the maximum expected utility principle.
They are expected, in principle, to establish the basis of new design concepts for particle-based biomedical applications.
Any version of the expected utility principle, whether it uses conditional probabilities or probabilities of conditionals, must specify the information that guides assignments of probabilities and utilities.
These options can be assessed in terms of what is known within contemporary decision theory as the Expected Value Principle (EVP).
Integrating the weightings and ratings into an overall evaluation of each option is the final requirement, and in MCDA this is normally done using the expected value principle.
