{"product_id":"9789401049719","title":"Making Decisions About Liability And Insurance: A Special Issue of the Journal of Risk and Uncertainty","description":"\u003ch1\u003eMaking Decisions About Liability And Insurance: A Special Issue of the Journal of Risk and Uncertainty\u003c\/h1\u003e \u003ch2\u003eCamerer, Colin F.; Kunreuther, Howard\u003c\/h2\u003e \u003cp\u003eTwo related trends have created novel challenges for managing  risk in the United States. The first trend is a series of dramatic  changes in liability law as tort law has expanded to assign liability  to defendants for reasons other than negligence. The unpredictability  of future costs induced by changes in tort law may be partly  responsible for the second major trend known as the `liability crisis'  - the disappearance of liability protection in markets for  particularly unpredictable risks.\u003cbr\u003e  This book examines decisions people make about insurance and  liability. An understanding of such decision making may help explain  why the insurance crisis resulted from the new interpretations of tort  law and what to do about it. The articles cover three kinds of  decisions: consumer decisions to purchase insurance; insurer decisions  about coverage they offer; and the decisions of the public about the  liability rules they prefer, which are reflected in legislation and  regulation. For each of these three kinds of decisions, normative  theories such as expected utility theory can be used as benchmarks  against which actual decisions are judged.\u003cbr\u003e\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2012-09-28\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9789401049719\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-94-011-2192-7\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 139\u003c\/p\u003e ","brand":"Springer Netherlands","offers":[{"title":"Default Title","offer_id":44398803845260,"sku":"9789401049719","price":152.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9789401049719.jpg?v=1775793466","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9789401049719","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}