Skip to main content
SpringerLink
Log in

Making Decisions About Liability And Insurance

A Special Issue of the Journal of Risk and Uncertainty

  • Book
  • © 1993

Overview

Editors:
  1. Colin Camerer
    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  2. Howard Kunreuther
    View editor publications

    You can also search for this editor in PubMed   Google Scholar

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 129.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (8 chapters)

  1. Front Matter

    Pages 1-4
    Download chapter PDF

  2. Making Decisions About Liability and Insurance: Editors’ Comments

    • Colin Camerer, Howard Kunreuther
    Pages 5-15

  3. Intuitions about Penalties and Compensation in the Context of Tort Law

    • Jonathan Baron, Ilana Ritov
    Pages 17-33

  4. Framing, Probability Distortions, and Insurance Decisions

    • Eric J. Johnson, John Hershey, Jacqueline Meszaros, Howard Kunreuther
    Pages 35-51

  5. Transaction Analysis: A Framework and an Application to Insurance Decisions

    • Baruch Fischhoff
    Pages 53-69

  6. Insurer Ambiguity and Market Failure

    • Howard Kunreuther, Robin Hogarth, Jacqueline Meszaros
    Pages 71-87

  7. Ambiguity and Risk Taking in Organizations

    • Zur Shapira
    Pages 89-94

  8. Insurance for Low-Probability Hazards: A Bimodal Response to Unlikely Events

    • Gary H. McClelland, William D. Schulze, Don L. Coursey
    Pages 95-116

  9. The Risky Business of Insurance Pricing

    • W. Kip Viscusi
    Pages 117-139
Back to top

Keywords

About this book

Two related trends have created novel challenges for managing risk in the United States. The first trend is a series of dramatic changes in liability law as tort law has expanded to assign liability to defendants for reasons other than negligence. The unpredictability of future costs induced by changes in tort law may be partly responsible for the second major trend known as the `liability crisis' - the disappearance of liability protection in markets for particularly unpredictable risks.
This book examines decisions people make about insurance and liability. An understanding of such decision making may help explain why the insurance crisis resulted from the new interpretations of tort law and what to do about it. The articles cover three kinds of decisions: consumer decisions to purchase insurance; insurer decisions about coverage they offer; and the decisions of the public about the liability rules they prefer, which are reflected in legislation and regulation. For each of these three kinds of decisions, normative theories such as expected utility theory can be used as benchmarks against which actual decisions are judged.

Bibliographic Information

  • Book Title: Making Decisions About Liability And Insurance

  • Book Subtitle: A Special Issue of the Journal of Risk and Uncertainty

  • Editors: Colin Camerer, Howard Kunreuther

  • DOI: https://doi.org/10.1007/978-94-011-2192-7

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media Dordrecht 1993

  • Hardcover ISBN: 978-0-7923-9393-1Published: 30 September 1993

  • Softcover ISBN: 978-94-010-4971-9Published: 28 September 2012

  • eBook ISBN: 978-94-011-2192-7Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: 139

  • Topics: Actuarial Sciences, Finance, general, Operations Research/Decision Theory, Microeconomics

Publish with us

Policies and ethics

Back to top

Search

Navigation