In my first post on insurance principles I introduced the inequalityExpected payouts that has to hold for the industry as a whole and also for any on...

In my first post on insurance principles I introduced the inequalityExpected payouts that has to hold for the industry as a whole and also for any on...

Yesterday with the NYU Stern class that I am co-teaching with Arun Sunderarajan we focused on the fundamentals of different businesses. The class is ...

Yesterday with the NYU Stern class that I am co-teaching with Arun Sunderarajan we focused on the fundamentals of different businesses. The class is ...

In an earlier post in my mini series on insurance fundamentals I explained the concept of moral hazard, which refers to an information asymmetry as h...

In an earlier post in my mini series on insurance fundamentals I explained the concept of moral hazard, which refers to an information asymmetry as h...

So in one of my earlier posts on insurance fundamentals, I included an “exercise for the reader.” The question was to figure out how much money it wo...

So in one of my earlier posts on insurance fundamentals, I included an “exercise for the reader.” The question was to figure out how much money it wo...

In the previous post in my mini-series on insurance fundamentals I provided a numerical example that has a 1 in 100 probability of a loss of $50. I e...

In the previous post in my mini-series on insurance fundamentals I provided a numerical example that has a 1 in 100 probability of a loss of $50. I e...

In the two previous posts on insurance fundamentals, I introduced a fundamental inequality relating payouts to premiums and the concept of risk avers...

In the two previous posts on insurance fundamentals, I introduced a fundamental inequality relating payouts to premiums and the concept of risk avers...