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Tag Archives: Insurance

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  • 29 Mar 2022
    Torben Iversen, Philipp Rehm

    An introduction to “Big Data and the Welfare State”

    A central function of the state is to provide insurance against the vagaries of life and markets, such as accidents, ill health, old age, or unemployment. Collectively, these mandatory risk pooling arrangements are known as social insurance, or the welfare state. According to influential accounts in the literature, the welfare state exists because (social) insurance […]

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  • 26 May 2017
    Guy Thomas

    Insurance and adverse selection: counter-argument

    My previous blog summarised the orthodox argument why adverse selection in insurance is a bad thing. This present blog gives the counter-argument from my book Loss Coverage: Why Insurance Works Better with Some Adverse Selection. In essence, the counter-argument relies only on simple arithmetic, and can be illustrated by a toy example. Think of a […]

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  • 25 May 2017
    Guy Thomas

    Insurance and adverse selection: orthodoxy

    Guy Thomas explores why adverse selection in insurance is usually seen as a bad thing in the first of two blog posts based on his new book Loss Coverage.

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  • 27 May 2014

    Behavioral Economics and the Insurance Industry

    Howard Kunreuther and Mark Pauly, authors of Insurance and Behavioral Economics, explain consumer behavior and insurer incentives in one of the most misunderstood industries.

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  • 17 Sep 2009

    Health Insurance and Competition

    Getting to the root of our health-care woes: competition. Will a public option increase competition and lower costs? Are markets really dominated by single players, state by state? FOX has some interesting comments from Economist Earl Grinols in this story. Grinols published Health Care for Us All with us.

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