IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-69674-9_1.html
   My bibliography  Save this book chapter

The End of Behavioral Insurance

In: Handbook of Insurance

Author

Listed:
  • Glenn W. Harrison

    (Georgia State University
    University of Cape Town)

Abstract

Our descriptive understanding of observed insurance behavior has been enhanced by considering alternative modeling approaches, and promises to do the same to our normative evaluation of that behavior. Those alternatives come from the field of behavioral economics, which offers explicit, alternative characterizations of the way in which decisions have been made. The value of these alternatives is clear in a wide range of topics in empirical insurance, to the point where there is now no reason to debate why we need to consider them. Indeed, recognition that behavioral insurance has come to stay in our scholarship allows us to signal the end of the need to even make the case for behavioral insurance. However, that recognition does not mean that every claim from behavioral insurance is to be accepted at face value, and many are dubious or loosely applied. Much remains to be done more carefully, and much simply remains to be done.

Suggested Citation

  • Glenn W. Harrison, 2025. "The End of Behavioral Insurance," Springer Books, in: Georges Dionne (ed.), Handbook of Insurance, edition 0, pages 3-25, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-69674-9_1
    DOI: 10.1007/978-3-031-69674-9_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-69674-9_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.