The Economics of Risk and Insurance

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Written for advanced undergraduate and master's level courses, this book builds from a base of asymmetric information issues to discuss a wide array of topics and is illustrated with some 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, a feature which cannot be found in readers on the topic Utilizes an undergraduate economics major level of math Uses the simplest economic ...

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

ISBN-13: 9781405185523

Hardcover

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