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An Examination of Alternative Approaches to Risk Management and Insurance Research

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  • Mark S. Dorfman
  • Steven C. Tippins

Abstract

Much current risk management and insurance research follows a pattern prescribed by the science paradigm. This article discusses some well‐recognized problems associated with the science paradigm, and then presents several alternatives that can supplement the science paradigm, thereby broadening and deepening the scope of risk management and insurance research and education.

Suggested Citation

  • Mark S. Dorfman & Steven C. Tippins, 2006. "An Examination of Alternative Approaches to Risk Management and Insurance Research," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 9(1), pages 63-74, March.
    • Handle: RePEc:bla:rmgtin:v:9:y:2006:i:1:p:63-74
    DOI: j.1540-6296.2006.00085.x
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    File URL: https://doi.org/10.1111/j.1540-6296.2006.00085.x
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    References listed on IDEAS

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    1. McCloskey, Donald N, 1983. "The Rhetoric of Economics," Journal of Economic Literature, American Economic Association, vol. 21(2), pages 481-517, June.
    2. Bruno S. Frey & Alois Stutzer, 2002. "What Can Economists Learn from Happiness Research?," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 402-435, June.
    3. Samuel Brittan, 2003. "Review of The Ordinary Business of Life by Backhouse," Journal of Economic Literature, American Economic Association, vol. 41(1), pages 202-206, March.
    4. Heilbroner, Robert, 1990. "Analysis and Vision in the History of Modern Economic Thought," Journal of Economic Literature, American Economic Association, vol. 28(3), pages 1097-1114, September.
    5. Steve Cassidy, 1997. "Issues In Insurance And Risk Management Education," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 1(1), pages 112-115, July.
    6. Arthur J. Robson, 2001. "The Biological Basis of Economic Behavior," Journal of Economic Literature, American Economic Association, vol. 39(1), pages 11-33, March.
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    Cited by:

    1. James R. Garven, 2007. "Risk Management: The Unifying Framework for Business Scholarship and Pedagogy," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 10(1), pages 1-12, March.
    2. Simone Krummaker, 2019. "Firm's demand for insurance: An explorative approach," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 22(3), pages 279-301, September.

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