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INTRODUCTION

Allan H. Willett

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The Economic Theory of Risk and Insurance

This chapter is in the book The Economic Theory of Risk and Insurance

© 2016 University of Pennsylvania Press, 3905 Spruce Street Philadelphia, Pennsylvania 19104-4112

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© 2016 University of Pennsylvania Press, 3905 Spruce Street Philadelphia, Pennsylvania 19104-4112

You are currently not able to access this content.

Chapters in this book

Frontmatter I
FOREWORD VII
PREFACE XI
CONTENTS XIII
INTRODUCTION 1
CHAPTER I. THE NATURE OF RISK 3
CHAPTER II. CLASSES OF RISKS 11
CHAPTER III. THE COST OF RISK 24
CHAPTER IV. THE ASSUMPTION OF RISK 32
CHAPTER V. THE REWARD FOR RISK-TAKING 42
CHAPTER VI. WAYS OF MEETING RISK 54
CHAPTER VII. INSURANCE 71
CHAPTER VIII. CONCLUSION 90

https://doi.org/10.9783/9781512808995-003

Chapters in this book

Frontmatter I
FOREWORD VII
PREFACE XI
CONTENTS XIII
INTRODUCTION 1
CHAPTER I. THE NATURE OF RISK 3
CHAPTER II. CLASSES OF RISKS 11
CHAPTER III. THE COST OF RISK 24
CHAPTER IV. THE ASSUMPTION OF RISK 32
CHAPTER V. THE REWARD FOR RISK-TAKING 42
CHAPTER VI. WAYS OF MEETING RISK 54
CHAPTER VII. INSURANCE 71
CHAPTER VIII. CONCLUSION 90

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