The Economics of Risk and Insurance

von S Hun Seog

352 Seiten, Hardcover

Kurzbeschreibung des Verlags

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 models possible to keep the text intuitive - Introduces more mathematically complex techniques such as basic optimization for students wishing to 'go further' in their analysis