Risky Business: Why Insurance Markets Fail and What to Do About It
By Amy Finkelstein, professor of economics; Liran Einav; and Ray Fisman
Yale University Press · 2022
Why is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance works. Unraveling the mysteries of insurance markets, the authors explore such issues as why insurers want to know so much about us and whether we should let them obtain this information; why insurance entrepreneurs often fail (and some tricks that may help them succeed); and whether we'd be better off with government-mandated health insurance instead of letting businesses, customers, and markets decide who gets coverage and at what price.
From Summer 2023 recommended reading from MIT (MIT News).
More in Education, work, finance & impact
- Fiscal Policy under Low Interest Rates · Olivier Blanchard, 2023
- Workforce Ecosystems: Reaching Strategic Goals with People, Partners, and Technologies · David Kiron, 2023
- What is This Management?: Essays on Corporate Governance and Management Education · William F. Pounds, 2023
- The Case for Good Jobs: How Great Companies Bring Dignity, Pay, and Meaning to Everyone's Work · Zeynep Ton, 2023
- The Magic Conveyer Belt: Supply Chains, A.I., and the Future of Work · Yossi Sheffi, 2023
- Future Ready: The Four Pathways to Capturing Digital Value · Stephanie L. Woerner, 2022
- Thinking Historically: A Guide to Statecraft and Strategy · Francis J. Gavin, 2025 · Summer 2026
- The Rise and Fall of the EAST: How Exams, Autocracy, Stability, and Technology Brought China Success, and Why They Might Lead to Its Decline · Yasheng Huang, 2023 · Summer 2024
- Atlas of the Senseable City · Carlo Ratti, 2023
- Dare to Know: Prints and Drawings in the Age of Enlightenment · Kristel Smentek, 2022