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

Author: Howard Kunreuther; Mark V Pauly; Stacey McMorrow
Publisher: Cambridge : Cambridge University Press, 2013.
Edition/Format:   Print book : EnglishView all editions and formats
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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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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Howard Kunreuther; Mark V Pauly; Stacey McMorrow
ISBN: 9780521845724 0521845726 9780521608268 0521608260
OCLC Number: 779529972
Description: xii, 329 pages : illustrations ; 24 cm
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.
Other Titles: Insurance & behavioral economics
Responsibility: Howard C. Kunreuther, Mark V. Pauly, Stacey McMorrow.
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Abstract:

This 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  Read more...

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'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 Read more...

 
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