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

"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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Bibliographic Details
Main Authors: Kunreuther, Howard (Author)
Group Author: Pauly, Mark V., 1941-; McMorrow, Stacey
Published: Cambridge University Press,
Publisher Address: Cambridge :
Publication Dates: 2013.
ⓒ2013
Literature type: Book
Language: English
Subjects:
Risk (Insurance)
Insurance > Decision making.
Consumer behavior.
BUSINESS & ECONOMICS > Labor.
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"--
Carrier Form: xii, 329 pages : illustrations ; 24 cm
Bibliography: Includes bibliographical references (pages 295-307) and indexes.
ISBN: 9780521845724 (hbk.)
0521845726 (hbk.)
9780521608268 (pbk.) :
0521608260 (pbk.)
Index Number: HG8054
CLC: F840
Call Number: F840/K965
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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