Insurance and Behavioral Economics

Insurance is a useful tool for managing risk. When it works as intended it protects individuals financially and supports a profitable business for insurers and their investors. Yet consumers, regulators and insurance executives often misread how it works.

The book looks at how individuals facing risk make their choices, how decision makers inside insurance companies behave, and how policy makers at local, state and federal level respond. It brings the findings of behavioural economics to bear on each group, so readers can see where the gaps lie.

Published by Cambridge University Press. ISBN-13: 9780521845724.