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Insurance and Behavioral Economics : Improving Decisions in the Most Misunderstood Industry

Kunreuther, Howard

Publication Details Click to collapse Cite/Export

  • Creator Howard C. Kunreuther, Mark V. Pauly, Stacey McMorrow
  • Format Books
  • Contributors
  • Publication Cambridge : Cambridge University Press, 2013.
  • Physical Details
    • xii, 329 pages : illustrations ; 24 cm
  • ISBNs 9780521845724, 0521845726, 9780521608268, 0521608260
  • OCLC ocn779529972

Summary

  • "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"--

Notes

  • Includes bibliographical references (pages 295-307) and indexes.

Contents

  • 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
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