LEADER 03798nam 22007332 450 001 9910824551103321 005 20151016142947.0 010 $a1-107-23349-6 010 $a1-139-60984-X 010 $a1-107-25377-2 010 $a1-139-61170-4 010 $a1-139-61542-4 010 $a1-139-05031-1 010 $a1-139-62472-5 010 $a1-283-87108-4 010 $a1-139-62100-9 035 $a(CKB)2550000000709613 035 $a(EBL)1099815 035 $a(OCoLC)823724596 035 $a(SSID)ssj0000783525 035 $a(PQKBManifestationID)11485674 035 $a(PQKBTitleCode)TC0000783525 035 $a(PQKBWorkID)10752888 035 $a(PQKB)10380063 035 $a(UkCbUP)CR9781139050319 035 $a(Au-PeEL)EBL1099815 035 $a(CaPaEBR)ebr10634038 035 $a(CaONFJC)MIL418358 035 $a(MiAaPQ)EBC1099815 035 $a(PPN)261366262 035 $a(EXLCZ)992550000000709613 100 $a20110307d2013|||| uy| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aInsurance and Behavioral Economics $eImproving Decisions in the Most Misunderstood Industry /$fHoward C. Kunreuther, Mark V. Pauly, Stacey McMorrow$b[electronic resource] 210 1$aCambridge :$cCambridge University Press,$d2013. 215 $a1 online resource (xii, 329 pages) $cdigital, PDF file(s) 300 $aTitle from publisher's bibliographic system (viewed on 05 Oct 2015). 311 $a0-521-60826-0 311 $a0-521-84572-6 320 $aIncludes bibliographical references and indexes. 327 $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. 330 $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. 517 3 $aInsurance & behavioral economics 606 $aRisk (Insurance) 606 $aInsurance$xDecision making 606 $aConsumer behavior 615 0$aRisk (Insurance) 615 0$aInsurance$xDecision making. 615 0$aConsumer behavior. 676 $a368 686 $aBUS038000$2bisacsh 700 $aKunreuther$b Howard$0121834 702 $aPauly$b Mark V.$f1941- 702 $aMcMorrow$b Stacey 801 0$bUkCbUP 801 1$bUkCbUP 906 $aBOOK 912 $a9910824551103321 996 $aInsurance and Behavioral Economics$93994745 997 $aUNINA