jagomart
digital resources
picture1_Money Pdf 44678 | E855lec8n


picture2_Money Pdf 44678 | E855lec8n picture3_Money Pdf 44678 | E855lec8n

 63x       Filetype PDF       File size 0.13 MB       Source: www.sfu.ca


File: Money Pdf 44678 | E855lec8n
Lecture Notes - Insurance 1Introduction need for insurance arises from — uncertain income (e.g. agricultural output) — risk aversion - people dislike variations in consumption - would give up ...

icon picture PDF Filetype PDF | Posted on 17 Aug 2022 | 2 years ago
Partial capture of text on file.

						
									
										
									
																
													
					
The words contained in this file might help you see if this file matches what you are looking for:

...Lecture notes insurance introduction need for arises from uncertain income e g agricultural output risk aversion people dislike variations in consumption would give up some or money to get smoother over dierent states of the world i realizations bad crop vs good and time types uncertainty idiosyncratic aects only given individual sick ag gregate a whole group individuals weather can deal with these forms self using one s own wealth smooth shocks this works by accumulating running down stocks cash often also livestock bullocks india small farmers very organized market present jewelry even land credit already discussed mutual suppose agents pool share equally then idiosyn cratic those that aect each separate person be completely insured away aggregate total amount are reected relies on fact make transfers every period history doesn t matter clearly sustain it is needed all due chance not laziness example correlation between matters if andgoodshocksatthesametime nouseofpoolingasinsurance ...
Haven't found the file you're looking for? You can try sending a request file
Comment

no comments yet
Please Login to post a comment.

no reviews yet
Please Login to review.