The Economics of Risk and Insurance

Covers issues such as risk aversion and moral hazard within the theory of insurance. This title provides an exposition of the necessary mathematics. It utilizes an undergraduate economics major level of math. It introduces mathematically complex techniques such as basic optimization for students wis [...]
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Covers issues such as risk aversion and moral hazard within the theory of insurance. This title provides an exposition of the necessary mathematics. It utilizes an undergraduate economics major level of math. It introduces mathematically complex techniques such as basic optimization for students wishing to 'go further' in their analysis.