pone.0258215.g007.tif (444.07 kB)
Fig 7 -
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posted on 2021-10-08, 17:27 authored by Benson K. Kenduiywo, Michael R. Carter, Aniruddha Ghosh, Robert J. HijmansComparison of perfect insurance contract versus two index insurance contracts with similar R2 of 0.41 and RIB of 0.41 in (a) and 0.50 in (b). The index insurance contract in (a) in based on segmented (sm) model and lRN predictor while (b) uses piecewise linear with z-scores less than -0.5 (lm5) model and lMD predictor.
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determine indemnity payoutsasymmetric loss functionremote sensing productsremote sensing literaturewelfare benefits derivedcompared 24 indicesperfectly measures lossesindex insurance programdiv >< pindex contract offersstandard economic measureinsurance quality ascertainmentexpected economic well2 remote sensing>< supexpected welleconomic measureseconomic wellinsurance contractrib r economic perspectiveseconomic benefitsestimate lossesdetect lossesperfect contracthypothetical contractcontract leavesseparately considernorthern kenyanormative purposemetric likeissuing paymentsgeneric goodnessfindings suggestdirectly considercase studybest protectsbecomes negativealso argueachieves none>) metric
