This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It …This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It … standard decision theories like expected utility or cumulative prospect theory. …

Economic and financial research on insurance markets has undergone dramatic growth since its infancy in the early 1960s … significance is highlighted in the introduction, which surveys major areas in insurance economics. While it was not possible to … provide comprehensive coverage of insurance economics in this book, these readings provide an essential foundation to those …

Introduction: Insurance and its Economic Role -- Risk: Measurement, Perception, and Management.- Insurance Demand I …: Decisions under Risk without Diversification Possibilities.- Insurance Demand II: Decisions under Risk with Diversification … Possibilities.- The Insurance Company and its Insurance Technology.- The Supply of Insurance.- Insurance Markets and Asymmetric …

Insurance data include: all gross insurance premiums and those relating only to direct insurance; spending on insurance … per capita; and the market share of national insurance by country, relative to the OECD market total. …

From the introduction: Economic and financial research on insurance markets has undergone dramatic growth since its … this literature. Their significance is highlighted in the introduction, which surveys major areas in insurance economics …. While it was not possible to provide comprehensive coverage of insurance economics in this book, these readings provide an …