Regulating Consumer Demand in Insurance Markets

Article English OPEN
Schwarcz, Daniel;
  • Subject: Libertarian paternalism | demand anomalies | expected utility theory | insurance

textabstractIn recent years, it has become increasingly clear that Expected Utility Theory (EUT) is a remarkably poor theory of how and why individuals purchase insurance. However, the normative implications of this conclusion have remained largely unexplored. This Arti... View more
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