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Insurance and Behavioral Economics by Howard C. Kunreuther
| Title | Insurance and Behavioral Economics |
| Author | Howard C. Kunreuther |
| Publisher | Cambridge University Press |
| Release | 2013-01-28 |
| Category | Business & Economics |
| Total Pages | 338 |
| ISBN | 0521845726 |
| Language | English, Spanish, and French |
Book Summary:
This book examines the behavior of individuals at risk and insurance industry policy makers involved in selling, buying and regulation.
Insurance and Behavioral Economics by Howard Kunreuther
| Title | Insurance and Behavioral Economics |
| Author | Howard Kunreuther |
| Publisher | |
| Release | 2012 |
| Category | BUSINESS & ECONOMICS |
| Total Pages | 344 |
| ISBN | 9781139624725 |
| Language | English, Spanish, and French |
Book Summary:
This book examines the behavior of individuals at risk and insurance industry policy makers involved in selling, buying and regulation.
Insurance and Behavioral Economics by Michael Jung
| Title | Insurance and Behavioral Economics |
| Author | Michael Jung |
| Publisher | |
| Release | 2018 |
| Category | |
| Total Pages | |
| ISBN | |
| Language | English, Spanish, and French |
Book Summary:
Essays on Insurance Policyholder Behavior A Behavioral Economics Perspective by Christian Knoller
| Title | Essays on Insurance Policyholder Behavior A Behavioral Economics Perspective |
| Author | Christian Knoller |
| Publisher | VVW GmbH |
| Release | 2013 |
| Category | Law |
| Total Pages | 104 |
| ISBN | 3862982432 |
| Language | English, Spanish, and French |
Book Summary:
Die Arbeit erscheint in englischer Sprache. Dieses Buch zeigt anhand von drei Forschungsprojekten, dass verhaltensökonomische Forschungsansätze dazu beitragen können, bisher unerklärtes Verhalten auf Versicherungsmärkten besser zu verstehen. Das erste Projekt liefert anhand einer experimentellen Untersuchung einen wichtigen Beitrag zur Lösung des in der Wissenschaft intensiv diskutierten 'Annuity Puzzle', also der Frage, warum in vielen Versicherungsmärkten nur sehr wenige Menschen private Rentenversicherung nachfragen. Anhand einer empirischen Untersuchung des Stornoverhaltens von Versicherungsnehmern für ein Variable Annuity Produkt in Japan wird gezeigt, dass die finanzwissenschaftliche Ausbildung ('Financial Literacy') des Versicherungsnehmers das Verständnis für den Wert der im Vertrag enthaltenen Optionen und damit auch das Stornoverhalten beeinflussen kann. Das dritte Projekt untersucht die Nachfrage nach Zusatzdeckung gegen Naturkatastrophenschäden anhand des Hausratversicherungsportfolios eines deutschen Versicherungsunternehmens. Viele Versicherungsnehmer scheinen ihre Gefährdung für Hochwasserschäden eher gering einzuschätzen. Die Untersuchung liefert jedoch Hinweise, dass Versicherungsvermittler in der Lage sind, die Versicherungsnehmer bei der Analyse ihrer Gefährdungssituation zu unterstützen. Die Arbeit richtet sich sowohl an Wissenschaftler als auch an Mitarbeiter in Versicherungsunternehmen, die in der Produktentwicklung oder im Risikomanagement tätig sind. Risiken aus dem Verhalten von Versicherungsnehmern, z.B. das Stornorisiko, gewinnen im Zuge von Produktinnovationen immer mehr an Bedeutung. Dies zeigt sich besonders deutlich bei der Entwicklung neuer Garantiekonzepte in der Lebensversicherung.
Insurance and Behavioral Economics by Howard C. Kunreuther
| Title | Insurance and Behavioral Economics |
| Author | Howard C. Kunreuther |
| Publisher | Cambridge University Press |
| Release | 2013-01-28 |
| Category | Business & Economics |
| Total Pages | |
| ISBN | 1139619144 |
| Language | English, Spanish, and French |
Book Summary:
This book examines the behavior of individuals at risk and insurance industry decision makers involved in selling, buying and regulation. It compares their actions to those predicted by benchmark models of choice derived from classical economic theory. Where actual choices stray from predictions, the behavior is considered to be anomalous. Howard C. Kunreuther, Mark Pauly and Stacey McMorrow attempt to understand why these anomalies occur, in many cases using insights from behavioral economics. The authors then consider if and how such behavioral anomalies could be modified to improve individual and social welfare. This book describes situations in which both public policy and the insurance industry's collective posture need to change. This may require incentives, rules and institutions to help reduce both inefficient and anomalous behavior, thereby encouraging behavior that will improve individual and social welfare.
| Title | Notes on Unemployment Insurance and Behavioral Economics |
| Author | |
| Publisher | |
| Release | 2015 |
| Category | |
| Total Pages | |
| ISBN | |
| Language | English, Spanish, and French |
Book Summary:
Behavioral Economics of Multiperiod Insurance Purchasing Behavior by Howard Kunreuther
| Title | Behavioral Economics of Multiperiod Insurance Purchasing Behavior |
| Author | Howard Kunreuther |
| Publisher | Foundations and Trends (R) in Microeconomics |
| Release | 2018-12-28 |
| Category | |
| Total Pages | 106 |
| ISBN | 9781680835243 |
| Language | English, Spanish, and French |
Book Summary:
Addresses the question of how insurance buyers make decisions by considering the conceptual and empirical evidence of theoretical and behavioral issues: the extent that consumers follow the multiperiod decision rules based on expected utility maximization and the factors that influence their choices when they don't behave as if they are maximizing.
You Want Insurance with That Using Behavioral Economics to Protect Consumers from Add on Insurance Products by Tom Baker
| Title | You Want Insurance with That Using Behavioral Economics to Protect Consumers from Add on Insurance Products |
| Author | Tom Baker |
| Publisher | |
| Release | 2014 |
| Category | |
| Total Pages | 61 |
| ISBN | |
| Language | English, Spanish, and French |
Book Summary:
Persistently high profits on “insurance” for small value losses sold as an add-on to other products or services (such as extended warranties sold with consumer electronics, loss damage waivers sold with a car rental, and credit life insurance sold with a loan) pose a twofold challenge to the standard economic analysis of insurance. First, expected utility theory teaches that people should not buy insurance for small value losses. Second, the market should not in the long run permit sellers to charge prices that greatly exceed the cost of providing the insurance. Combining the insights of the Gabaix and Laibson shrouded pricing model with the behavioral economics of insurance, this article explains why high profits for add-on insurance persist and describes the negative distributional and welfare consequences of an unregulated market for such insurance. The article explores four potential regulatory responses: enhanced disclosure, a ban on the point of sale offer of add-on insurance, price regulation, and the creation of a new, on-line market. Drawing on theoretical, empirical, and comparative law sources, the article explains why enhanced disclosure will not work, the circumstances under which a point of sale ban is desirable, and why a new, on-line market is preferable to price regulation in circumstances in which a point of sale ban is undesirable.
The Oxford Handbook of Behavioral Economics and the Law by Eyal Zamir
| Title | The Oxford Handbook of Behavioral Economics and the Law |
| Author | Eyal Zamir |
| Publisher | Oxford Handbooks |
| Release | 2014 |
| Category | Business & Economics |
| Total Pages | 824 |
| ISBN | 0199945470 |
| Language | English, Spanish, and French |
Book Summary:
'The Oxford Handbook of Behavioral Economics and Law' brings together leading scholars of law, psychology, and economics to provide an up-to-date and comprehensive analysis of this field of research, including its strengths and limitations as well as a forecast of its future development. Its twenty-nine chapters are organized into four parts.
Financial Guarantees in Unit Linked Life Insurance Products A Behavioral Economics Perspective by Alexandra Böselt
| Title | Financial Guarantees in Unit Linked Life Insurance Products A Behavioral Economics Perspective |
| Author | Alexandra Böselt |
| Publisher | |
| Release | 2009 |
| Category | |
| Total Pages | |
| ISBN | |
| Language | English, Spanish, and French |
Book Summary:
