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Item Details
| Title:
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INSURANCE AND BEHAVIORAL ECONOMICS
IMPROVING DECISIONS IN THE MOST MISUNDERSTOOD INDUSTRY |
| By: |
Howard C. Kunreuther, Mark V. Pauly, Stacey McMorrow |
| Format: |
Hardback |
| List price:
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£99.00 |
| Our price: |
£86.63 |
| Discount: |
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| You save:
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£12.37 |
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| ISBN 10: |
0521845726 |
| ISBN 13: |
9780521845724 |
| Availability: |
Usually dispatched within 1-3 weeks.
 Delivery
rates
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| Stock: |
Currently 0 available |
| Publisher: |
CAMBRIDGE UNIVERSITY PRESS |
| Pub. date: |
28 January, 2013 |
| Pages: |
342 |
| Description: |
This book examines the behavior of individuals at risk and insurance industry policy makers involved in selling, buying and regulation. |
| Synopsis: |
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 models of choice derived from classical economic theory. Where actual choices stray from predictions, the behavior is considered to be anomalous. Howard C. Kunreuther, Mark Pauly and Stacey McMorrow attempt to understand why these anomalies occur, in many cases using insights from behavioral economics. The authors then consider if and how such behavioral anomalies could be modified to improve individual and social welfare. This book describes situations in which both public policy and the insurance industry's collective posture need to change. This may require incentives, rules and institutions to help reduce both inefficient and anomalous behavior, thereby encouraging behavior that will improve individual and social welfare. |
| Illustrations: |
13 b/w illus. 10 tables |
| Publication: |
UK |
| Imprint: |
Cambridge University Press |
| Returns: |
Returnable |
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