How Long to Read Economics of Insurance

How Long Does it Take to Read Economics of Insurance?

It takes the average reader 6 hours and 50 minutes to read Economics of Insurance by K.H. Borch

Assuming a reading speed of 250 words per minute. Learn more

Description

The theory of insurance is presented in this book, discussed from the viewpoint of the theory of economics of uncertainty. The principle of premium calculation which the book uses is based on economic equilibrium theory and differs from many of the premium systems discussed by actuaries. Reinsurance is developed in the framework of general economic equilibrium theory under uncertainty. Here ordering of risks, preferences and utility theory play an important role. The book discusses the markets for insurance and divides them into three classes: (i) life insurance (ii) business insurance and (iii) household insurance, and these classes are each treated extensively in three separate chapters. Finally uninsurable risks are presented under "asymmetric information". Here moral hazard and adverse selection are treated and illustrations are given, some based on game theory.

How long is Economics of Insurance?

Economics of Insurance by K.H. Borch is 410 pages long, and a total of 102,500 words.

This makes it 138% the length of the average book. It also has 125% more words than the average book.

How Long Does it Take to Read Economics of Insurance Aloud?

The average oral reading speed is 183 words per minute. This means it takes 9 hours and 20 minutes to read Economics of Insurance aloud.

What Reading Level is Economics of Insurance?

Economics of Insurance is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Economics of Insurance?

Economics of Insurance by K.H. Borch is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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