{"product_id":"insurance-and-behavioral-economics-improving-decisions-in-the-most-misunderstood-industry-hardback-9780521845724","title":"Insurance and Behavioral Economics; Improving Decisions in the Most Misunderstood Industry (Hardback) 9780521845724","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eInsurance and Behavioral Economics\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eImproving Decisions in the Most Misunderstood Industry\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis book examines the behavior of individuals at risk and insurance industry policy makers involved in selling, buying and regulation.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eHoward C. Kunreuther (Author), Mark V. Pauly (Author), Stacey McMorrow (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521845724, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 28 January 2013\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e342 pages, 13 b\/w illus.  10 tables\u003cbr\u003e23.5 x 15.6 x 2.3 cm, 0.67 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'Psychologically, it's hard for most of us to take the initiative on long-term, ill-defined risks. Three scholars - Howard C. Kunreuther and Mark V. Pauly of the University of Pennsylvania and Stacey McMorrow of the Urban Institute - show this in their book. But they argue that if we're aware of them, these psychological impediments can be reduced, and they urge the innovation of long-term risk management contracts that address the problem of climate change.' The New York Times\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Purposes of this book\u003cbr\u003e 2. An introduction to insurance in practice and theory\u003cbr\u003e 3. Anomalies and rumors of anomalies\u003cbr\u003e 4. Behavior consistent with benchmark models\u003cbr\u003e 5. Real world complications\u003cbr\u003e 6. Why people do or do not demand insurance\u003cbr\u003e 7. Demand anomalies\u003cbr\u003e 8. Descriptive models of insurance supply\u003cbr\u003e 9. Anomalies on the supply side\u003cbr\u003e 10. Design principles for insurance\u003cbr\u003e 11. Strategies for dealing with insurance-related anomalies\u003cbr\u003e 12. Innovations in insurance markets through multi-year contracts\u003cbr\u003e 13. Publicly provided social insurance.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Organizational theory \u0026amp; behaviour [\u003ca title=\"See our other books on Organizational theory \u0026amp; behaviour\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Organizational%20theory%20\u0026amp;%20behaviour%20%5BKJU%5D%22\"\u003eKJU\u003c\/a\u003e], Political economy [\u003ca title=\"See our other books on Political economy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Political%20economy%20%5BKCP%5D%22\"\u003eKCP\u003c\/a\u003e], Economics of industrial organisation [\u003ca title=\"See our other books on Economics of industrial organisation\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20of%20industrial%20organisation%20%5BKCD%5D%22\"\u003eKCD\u003c\/a\u003e], Research methods: general [\u003ca title=\"See our other books on Research methods: general\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Research%20methods:%20general%20%5BGPS%5D%22\"\u003eGPS\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46005344731416,"sku":"9780521845724","price":94.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521845724i_3d0b0954-1c06-4810-80a8-6237e57fc2ca.jpg?v=1691368758","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/insurance-and-behavioral-economics-improving-decisions-in-the-most-misunderstood-industry-hardback-9780521845724","provider":"Freshly Printed Books","version":"1.0","type":"link"}