[Read and download] Insurance and Behavioral Economics






#733086 in eBooks 2013-01-31 2012-12-16File Name: B00ADP6YD4

0 of 0 people found the following review helpful. Not much original contentBy FBA pretty basic review of the fundamental of insurance economics, with a rather light literature review. A timesaver if you need the bibliography, but don't expect any bleeding edge discussion.0 of 0 people found the following review helpful. Numbers?By QuiteEconSavvyAuthors speak of a lack of analytical decision making in the insurance industry and proceed to provide almost no data or statistics in argumentation.1 o"For too many people insurance is a mystery not worth solving. The authors of Insurance and Behavioral Economics shed valuable light on insurance products and providers in an insightful examination for the benefit of consumers, analysts, and students of the business. Even the industry would be wisThis book examines the behavior of individuals at risk and insurance industry decision makers involved in selling, buying and regulation. It compares their actions to those predicted by benchmark models of choice derived from classical economic theory. Where actual choices stray from predictions, the behavior is considered to be anomalous. Howard C. Kunreuther, Mark Pauly and Stacey McMorrow attempt to understand why these anomalies occur, in many cases using insights from behavioral economics....


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