Risk, Public Perception and Education: Quantitative and Qualitative Risk

A brief survey of the development of the study of risk and probability is given together with some basic observations on their application to insurance. This is followed with observations on the lack of appreciation of probability studies and an elementary feeling for probability by the public at large and a suggestion that the time is ripe for a new science museum involving basic economics and the exposition of the role of probability in finance.

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Year of publication:	2001-06-05
Authors:	Shubik, Martin
Institutions:	School of Management, Yale University
Subject:	Risk \| Probability \| Insurance

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Extent:	application/pdf
Series:	Yale School of Management Working Papers.
Type of publication:	Book / Working Paper
Classification:	G22 - Insurance; Insurance Companies ; I20 - Education. General ; D80 - Information and Uncertainty. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005369005