Loss Coverage Why Insurance Works Better With Some Adverse Selection

This book argues that, contrary to received wisdom, some adverse selection in insurance markets is beneficial to society as a whole.

Info autore

Guy Thomas is an actuary and investor, and an honorary lecturer at the University of Kent, Canterbury. His academic publications have received prizes from the Institute and Faculty of Actuaries and the International Actuarial Association. He is also the author of Free Capital: How Twelve Private Investors Made Millions in the Stock Market.

Riassunto

A novel book that argues that, contrary to received wisdom, some adverse selection in insurance markets is beneficial to society as a whole. It is for all those interested in public policy arguments about insurance and discrimination: policymakers, academics, actuaries, underwriters, disability activists, geneticists and other medical professionals.

Testo aggiuntivo

Advance praise: 'Actuaries traditionally see nothing but danger in adverse selection. Guy Thomas, an actuary himself, sees opportunity. Using the concept of loss coverage, Thomas challenges the conventional wisdom of how economists model insurance markets, much of which, he sets out to show, is more myth than reality. Lucidly written and sure to get the reader thinking afresh.' Angus Macdonald, Heriot Watt University, Scotland

Dettagli sul prodotto

• Autori: Thomas Guy, Guy Thomas, R. Guy Thomas, Guy (University of Kent Thomas
• Editore: Cambridge University Press ELT
• Contenuto: Libro
• Forma del prodotto: Copertina rigida
• Data pubblicazione: 11.05.2017
• Categoria: Libri scolastici > Corsi per adulti / università popolare; Scienze sociali, diritto, economia > Economia > Economia politica
• EAN: 9781107100336
• ISBN: 978-1-107-10033-6
• Numero di pagine: 282
• Categorie: BUSINESS & ECONOMICS / Insurance / General, BUSINESS & ECONOMICS / Econometrics, Economic statistics, Insurance & actuarial studies, Insurance and actuarial studies, Econometrics and economic statistics