“Insurance is sexy.” Discuss. // Freakonomics Radio
Professor Amy Finkelstein delves into why insurance markets are broken, how they can be fixed and her new book, “Risky Business.” She explains that “one thing I hadn’t realized ‘til I started working in economics is there’s another type of market frailty that’s really important, that’s the subject of a lot of government policy, but that most people just don’t seem to be as aware of. And that’s the problem of selection. And it’s front and center in insurance markets.”
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