The Economics of Risk and Insurance


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Written for advanced undergraduate and master's levelcourses, this book builds from a base of asymmetric informationissues to discuss a wide array of topics and is illustrated withsome timely examples. Covers diverse issues such as risk aversion, expected utility, and moral hazard within the pure theory of insurance Provides a clear exposition of the necessary mathematics, afeature which cannot be found in readers on the topic Utilizes an undergraduate economics major level of math Uses the simplest economic models ...

The Economics of Risk and Insurance 2010, Wiley-Blackwell, Chichester, England

ISBN-13: 9781405185523