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
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
Crossings over highways intended to preserve biological diversity also appear to reduce wildlife-vehicle collisions in Washington state, saving roughly $235,000 to $443,000 every year per structure.
Ecology
Aug 30, 2022
0
4089
A new analysis demonstrates that restoration of mangroves and coral reefs can be a cost-effective solution for coastal flood reduction in more than 20 countries across the Caribbean.
Ecology
Jun 17, 2022
0
173
The increasing frequency and severity of extreme weather events like droughts and floods have taken a toll on the midwestern U.S. in recent years, putting a major strain on the region's farmers. From 2001 to 2010, the Federal ...
Environment
Mar 22, 2021
0
41
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.
This text uses material from Wikipedia, licensed under CC BY-SA
