Insurance and behavioral economics : improving decisions in the most misunderstood industry /
Insurance & behavioral economics.
Howard Kunreuther, Mark V. Pauly, Stacey McMorrow.
- New York : Cambridge University Press, 2013.
- xii, 329 pages : illustrations ; 23 cm.
Includes bibliographical references (pages 295-307) and indexes.
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.
"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"--