Additional Resources

  1. The Economic Theory Of Insurance [citeseerx.ist.psu.edu]
  2. Adverse Selection, Risk Aversion And Insurance Markets [ocw.mit.edu]
  3. Behavioral Economics And Insurance [opim.wharton.upenn.edu]
  4. The Welfare Economics Of Health Insurance [princeton.edu]

Definition

Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.

Insurance

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