4 Ergebnisse.

In 1948, Milton Friedman and L. J. Savage suggested that risk preferences explain the demand for insurance and gambling--a theory that is still almost universally accepted by economists today. In A Theory of Insurance and Gambling, John A. Nyman critiques this approach and proposes a new theory of the motivations for insurance and gambling. Nyman seeks to reorient how economists think about insurance and gambling by moving away from uncertaint...

Through a kaleidoscope of philosophy, critical theory, and folk theology, A Devil Every Day, surveys the terrain where white Western culture blends into pure evil. Twisting into aphorisms, inner dialogues, and incantations, John Nyman’: s poems are caught between complacency and a disquieting agnosticism, contemplating the problematic pleasures and unremarkable monstrosities of the contemporary West. Ultimately, A Devil Every Day asks: what ho...

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Why do people buy health insurance? Conventional theory holds that people purchase insurance because they prefer the certainty of paying a small premium to the risk of getting sick and paying a large medical bill. This book presents a new theory of consumer demand for health insurance. It holds that people purchase insurance to obtain additional "income" when they become ill.