000			02942nam a2200409 i 4500
001			CR9781139050319
003			UkCbUP
005			20240910184543.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			110307s2013||||enk o ||1 0|eng|d
020			_a9781139050319 (ebook)
020			_z9780521845724 (hardback)
020			_z9780521608268 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aHG8054.5 _b.K858 2013
082	0	0	_a368 _223
100	1		_aKunreuther, Howard, _eauthor.
245	1	0	_aInsurance and Behavioral Economics : _bImproving Decisions in the Most Misunderstood Industry / _cHoward C. Kunreuther, Mark V. Pauly, Stacey McMorrow.
246	3		_aInsurance & behavioral economics
264		1	_aCambridge : _bCambridge University Press, _c2013.
300			_a1 online resource (xii, 329 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
505	8		_aMachine 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.
520			_aThis 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.
650		0	_aRisk (Insurance)
650		0	_aInsurance _xDecision making.
650		0	_aConsumer behavior.
700	1		_aPauly, Mark V., _d1941- _eauthor.
700	1		_aMcMorrow, Stacey, _eauthor.
776	0	8	_iPrint version: _z9780521845724
856	4	0	_uhttps://doi.org/10.1017/CBO9781139050319
942			_2ddc _cEB
999			_c8959 _d8959