Books

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

Author / Creator
Kunreuther, Howard
Available as
Online
Physical
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"--

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Creator
Howard C. Kunreuther, Mark V. Pauly, Stacey McMorrow
Other Title
  • Insurance & behavioral economics
Format
Books
Publication
  • Cambridge : Cambridge University Press, 2013
Physical Details
  • 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
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