Insurance and behavioral economics
Subtitle: improving decisions in the most misunderstood industry
By: Howard Kunreuther, Mark V. Pauly, Stacey McMorrow
Contributors: Pauly, Mark V., 1941-; McMorrow, Stacey
Publisher: Cambridge University Press
Published: 2012
Place of publication: Cambridge
Language: eng
ISBN-13: 9780521845724; 9780521608268
Subjects: Consumer behavior; Risk (Insurance); Insurance; Decision making; BUSINESS & ECONOMICS / Labor
Description: "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"--
Notes: Includes bibliographical references and index.
Table of contents: title: Machine generated contents note: 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.