The Economics of Risk and Insurance

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https://dev.store.wiley.com/en-us/The+Economics+of+Risk+and+Insurance-p-9781405185523

The Economics of Risk and Insurance

S. Hun Seog

Description

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

About the Author

S. Hun Seog is Professor of Finance and Insurance at the Graduate School of Business, Seoul National University. He received his PhD in Risk and Insurance from the Wharton School. His research areas include the economics of risk and insurance, corporate finance, and their applications. His academic papers have been published in Journal of Risk and Insurance, Geneva Papers on Risk and Insurance Theory, Asia-Pacific Journal of Risk and Insurance, International Economic Review, Marketing Science, and European Journal of Operational Research.

Features

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

To Purchase this product, please visit

https://dev.store.wiley.com/en-us/The+Economics+of+Risk+and+Insurance-p-9781405185523