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Insurance and Behavioral Economics : Improving Decisions in the Most Misunderstood Industry
- Author / Creator
- Available as
- Online
- Physical
- Summary
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"This book examines the behavior of individuals at risk, insurance industry decision makers and policy makers involved in the selling, buying, and regulating of insurance"--
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- Creator
- Howard C. Kunreuther, Mark V. Pauly, Stacey McMorrow
- Other Title
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- Insurance & behavioral economics
- Format
- Books
- Contributors
- Publication
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- Cambridge : Cambridge University Press, 2013
- Physical Details
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- xii, 329 pages : illustrations ; 24 cm
- ISBNs
- 9781107253773, 9781139050319, 9781107233492, 0521608260, 9781283871082, 9781139624725, 9781139621007, 9781139611701, 1139611704, 9781139609845, 1107253772, 1283871084, 0521845726, 1139615424, 9781139615426, 1139624725, 1139621009, 113960984X, 1139050311, 9780521608268, 9780521845724, 1107233496
- OCLC
- ocn823724596, ocn779529972
- Includes bibliographical references (pages 295-307) and indexes.
- 1. Purposes of this book -- 2. An introduction to insurance in practice and theory -- 3. Anomalies and rumors of anomalies -- 4. Behavior consistent with benchmark models -- 5. Real-world complications -- 6. Why people do or do not demand insurance -- 7. Demand anomalies -- 8. Descriptive models of insurance supply -- 9. Anomalies on the supply side -- 10. Design principles for insurance -- 11. Strategies for dealing with insurance-related anomalies -- 12. Innovations in insurance markets through multi-year contracts -- 13. Publicly-provided social insurance -- 14. Conclusions: A framework for prescriptive recommendations