Insurance Decision Making and Market Behavior (Foundations and Trends(R) in Microeconomics)
Publisher: Now Publishers Inc
Published: May 20, 2006
Language: eng
Format: Paperback
Number of pages: 80
ISBN-13: 9781933019253
Subjects: Insurance; Microeconomics; Business/Economics; Business & Economics; Business / Economics / Finance; Risk (Insurance); Insurance - Business; Insurance - General; Consumer behavior; Decision making
First sentence: Economists view insurance markets as a special case of markets for contingent claims based on the state-preference approach developed by Arrow (1953) and Debreu (1953).