Whether we decide to take out that insurance policy, buy Bitcoin, or switch jobs, many economic decisions boil down to a fundamental gamble about how to maximize our wealth over time. How we understand these decisions is ...
General Physics
Dec 2, 2019
11
860
(Phys.org) —In our constantly connected, information-rich society, some drivers are jumping at the chance to let auto insurance companies monitor their driving habits in return for a handsome discount on their premiums.
Computer Sciences
Aug 11, 2014
5
0
A new national study provides the best evidence to date that generous unemployment insurance benefits during the COVID-19 pandemic helped reduce reliance on high-cost credit use.
Social Sciences
Aug 16, 2024
0
47
As sea levels rise around the world, communities in coastal areas are more frequently seeing the impact of routine high tide flooding. These incursions of sea water may weaken foundations and infrastructure, slow down traffic ...
Earth Sciences
Aug 14, 2024
0
10
Government agencies, insurance companies and disaster planners rely on national flood risk models from the private sector that aren't reliable at smaller levels such as neighborhoods and individual properties, according to ...
Earth Sciences
Jul 24, 2024
0
38
Lila is a registered purebred beagle, but depending on what company does her DNA testing, she might be part rottweiler, part American foxhound, or not a beagle at all.
Veterinary medicine
Mar 9, 2024
0
252
Research conducted by scientists from IIASA and Princeton University suggests that a combination of insurance subsidies and policies that promote "prosocial preferences"―decision-making preferences that account for community ...
Social Sciences
Feb 26, 2024
0
8
Understanding how hailstorm frequency has changed over time can help us build resilience against future hail events.
Earth Sciences
Oct 12, 2023
0
12
A pair of sociologists, one with the University of Milan-Bicocca, the other with the Climate Accountability Institute, has used survey data to calculate the amount companies should be paying in reparations to compensate for ...
Global warming is expected to lead to an accumulation of particularly intense hurricanes in the United States. This may substantially increase the economic losses caused by these storms. Better insurance could effectively ...
Environment
Jan 4, 2023
0
31
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
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