Insurance and Behavioral Economics: Improving Decisions in the Most Misunderstood Industry
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, th...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge
Cambridge University Press
2013
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| Subjects: | |
| Online Access: | BSB01 UBG01 UBY01 Volltext |
| Summary: | 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 |
| Item Description: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Physical Description: | 1 online resource (xii, 329 pages) |
| ISBN: | 9781139050319 |
| DOI: | 10.1017/CBO9781139050319 |
Staff View
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| 520 | |a 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 | ||
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Record in the Search Index
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|---|---|
| any_adam_object | |
| author | Kunreuther, Howard |
| author_facet | Kunreuther, Howard |
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| contents | 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 |
| ctrlnum | (ZDB-20-CBO)CR9781139050319 (OCoLC)881299460 (DE-599)BVBBV043695677 |
| dewey-full | 368 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 368 - Insurance |
| dewey-raw | 368 |
| dewey-search | 368 |
| dewey-sort | 3368 |
| dewey-tens | 360 - Social problems and services; associations |
| discipline | Rechtswissenschaft Wirtschaftswissenschaften |
| doi_str_mv | 10.1017/CBO9781139050319 |
| format | Electronic eBook |
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| id | DE-604.BV043695677 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:32:44Z |
| institution | BVB |
| isbn | 9781139050319 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029108246 |
| oclc_num | 881299460 |
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| physical | 1 online resource (xii, 329 pages) |
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| publishDate | 2013 |
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| publisher | Cambridge University Press |
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| spelling | Kunreuther, Howard Verfasser aut Insurance and Behavioral Economics Improving Decisions in the Most Misunderstood Industry Howard C. Kunreuther, Mark V. Pauly, Stacey McMorrow Insurance & behavioral economics Cambridge Cambridge University Press 2013 1 online resource (xii, 329 pages) txt rdacontent c rdamedia cr rdacarrier Title from publisher's bibliographic system (viewed on 05 Oct 2015) 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 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 Risk (Insurance) Insurance / Decision making Consumer behavior Versicherungswirtschaft (DE-588)4063206-4 gnd rswk-swf Versicherungswirtschaft (DE-588)4063206-4 s 1\p DE-604 Pauly, Mark V. 1941- Sonstige oth McMorrow, Stacey Sonstige oth Erscheint auch als Druckausgabe 978-0-521-60826-8 Erscheint auch als Druckausgabe 978-0-521-84572-4 https://doi.org/10.1017/CBO9781139050319 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Kunreuther, Howard Insurance and Behavioral Economics Improving Decisions in the Most Misunderstood Industry 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 Risk (Insurance) Insurance / Decision making Consumer behavior Versicherungswirtschaft (DE-588)4063206-4 gnd |
| subject_GND | (DE-588)4063206-4 |
| title | Insurance and Behavioral Economics Improving Decisions in the Most Misunderstood Industry |
| title_alt | Insurance & behavioral economics |
| title_auth | Insurance and Behavioral Economics Improving Decisions in the Most Misunderstood Industry |
| title_exact_search | Insurance and Behavioral Economics Improving Decisions in the Most Misunderstood Industry |
| title_full | Insurance and Behavioral Economics Improving Decisions in the Most Misunderstood Industry Howard C. Kunreuther, Mark V. Pauly, Stacey McMorrow |
| title_fullStr | Insurance and Behavioral Economics Improving Decisions in the Most Misunderstood Industry Howard C. Kunreuther, Mark V. Pauly, Stacey McMorrow |
| title_full_unstemmed | Insurance and Behavioral Economics Improving Decisions in the Most Misunderstood Industry Howard C. Kunreuther, Mark V. Pauly, Stacey McMorrow |
| title_short | Insurance and Behavioral Economics |
| title_sort | insurance and behavioral economics improving decisions in the most misunderstood industry |
| title_sub | Improving Decisions in the Most Misunderstood Industry |
| topic | Risk (Insurance) Insurance / Decision making Consumer behavior Versicherungswirtschaft (DE-588)4063206-4 gnd |
| topic_facet | Risk (Insurance) Insurance / Decision making Consumer behavior Versicherungswirtschaft |
| url | https://doi.org/10.1017/CBO9781139050319 |
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