The Expected Cost Hypothesis and the Selection of an Optimal Deductible for a Given Insurance Policy

1971 ◽  
Vol 44 (3) ◽  
pp. 306 ◽  
Author(s):  
Christoph Haehling Von Lanzenauer
Keyword(s):  
Insurance Policy ◽  
Expected Cost ◽  
Selection Of

Consumer Numeracy and Insurance Design Decisions: An Examination of Inflation Protection Take-Up Among Private Long-Term Care Insurance Policy Holders

2018 ◽  
Vol 77 (2) ◽  
pp. 187-195 ◽  
Author(s):  
Brian E. McGarry ◽  
David C. Grabowski
Keyword(s):  
Long Term Care ◽  
Market Reforms ◽  
Insurance Policy ◽  
Term Care ◽  
Design Decisions ◽  
Percentage Points ◽  
Long Term Care Insurance ◽  
Selection Of

Given the rising cost of long-term care (LTC) services, the selection of a private long-term care insurance (LTCi) policy with inflation protection has critical implications for the ability of this coverage to protect against potentially catastrophic LTC expenses. This study examines the effect of consumers’ numeric abilities on the decision to add inflation protection to private LTCi policies. Over 40% of current LTCi policies lack inflation protection. Higher scores on a three-question numeracy scale are associated with increases in the probability of choosing inflation protection at the time of policy purchase, with households answering all three questions correctly being 12 percentage points more likely to have this benefit type relative to those with a numeracy score of 0 ( p = .002). Market reforms that simplify the task of evaluating LTCi plans and assessing the value of indexed benefits may be needed to ensure that LTCi policy purchasers are selecting adequate protection against future LTC costs.

scholarly journals Study of Investors’ Preference for the Selection of an Insurance Product

2021 ◽  
Vol 11 (4) ◽  
Author(s):  
Pradnya Gugale ◽  
Vedashree Mali
Keyword(s):  
Life Insurance ◽  
Test Sample ◽  
Primary Data ◽  
Insurance Policy ◽  
Related Factors ◽  
Statistical Tool ◽  
Investment Funds ◽  
Innovative Products ◽  
Study Zone ◽  
Selection Of

Human Being’s life is the most significant asset and life-insurance is the most significant sort of insurance which gives financial protection to theindividualhimself/herself and to his family at the hour of dubious dangers or harm. Life insurance gives both safety and protection to people and furthermore encourages investment funds among individuals. The present exploratory based investigation was chosen with a target to analyze those factors which impact client’s strategy purchasing choice and furthermore examine the inclinations of clients while making decision about insurance policy investment. Different insurance-related factors have been examined in the paper. Also, the said study has been conducted to know the satisfaction level of the clients and also to know the benefit they have been receiving from the company (if any). The information for the research has been gathered from primary data. The study zone is restricted to Maharashtra state and the test sample is 30 investors. The hypotheses have been based on the basis of demographic and the factors related to the insurance-based preference.factors and tested the same with the help of statistical tool T-test. The analyzed data had been produced in the form of a tables and graphs/charts. Insurance agencies should spread more awareness about life insurance, a decrease in the premium amount, and giving more attention to need-based innovative products are a portion of the recommendations which I would suggest. The paper closes with the segment that factors of the individuals play a significant and essential role in choosing the purchase of insurance policies.

The Selection of an Optimal Deductible for a Given Insurance Policy

1966 ◽  
Vol 39 (1) ◽  
pp. 35 ◽  
Author(s):  
B. Peter Pashigian ◽  
Lawrence L. Schkade ◽  
George H. Menefee
Keyword(s):  
Insurance Policy ◽  
Selection Of

Self-Restraint in Search of Legitimacy: The Reform of the Argentine Supreme Court

2009 ◽  
Vol 51 (03) ◽  
pp. 59-86 ◽  
Author(s):  
Alba M. Ruibal
Keyword(s):  
Supreme Court ◽  
Political Competition ◽  
Explanatory Models ◽  
Divided Government ◽  
Insurance Policy ◽  
Court Reform ◽  
First Case ◽  
The Government ◽  
Internal Procedures ◽  
Selection Of

Abstract In 2003, the Argentine executive promoted a process of Supreme Court reform that entailed limiting presidential attributions in the selection of justices. Then the renewed court implemented changes to its internal procedures that increased its own accountability mechanisms. The literature on the politics of institutional judicial independence in Latin America has developed two explanatory models: one presents reforms as an insurance policy, the other as a consequence of divided government. Both perspectives conceive of reforms as a result of political competition and as a way to limit other actors, the future government in the first case, the party in power in the second. This study, by contrast, explains the Argentine reforms as movements of strategic self-restriction, designed to build legitimacy and credibility, for the government and the court, respectively, in a context of social and institutional crisis and pressure from civil society.

Cognitive gadgets and cognitive priors

2019 ◽  
Vol 42 ◽  
Author(s):  
Gian Domenico Iannetti ◽  
Giorgio Vallortigara
Keyword(s):  
Cognitive Neuroscience ◽  
Selection Of

Abstract Some of the foundations of Heyes’ radical reasoning seem to be based on a fractional selection of available evidence. Using an ethological perspective, we argue against Heyes’ rapid dismissal of innate cognitive instincts. Heyes’ use of fMRI studies of literacy to claim that culture assembles pieces of mental technology seems an example of incorrect reverse inferences and overlap theories pervasive in cognitive neuroscience.

Note on Selection of Coordinate Systems for Geodynamics

1975 ◽  
Vol 26 ◽  
pp. 395-407
Author(s):  
S. Henriksen
Keyword(s):  
Sea Level ◽  
The Other ◽  
Coordinate Systems ◽  
Mean Sea Level ◽  
The Earth ◽  
The One ◽  
Static Systems ◽  
Selection Of

The first question to be answered, in seeking coordinate systems for geodynamics, is: what is geodynamics? The answer is, of course, that geodynamics is that part of geophysics which is concerned with movements of the Earth, as opposed to geostatics which is the physics of the stationary Earth. But as far as we know, there is no stationary Earth – epur sic monere. So geodynamics is actually coextensive with geophysics, and coordinate systems suitable for the one should be suitable for the other. At the present time, there are not many coordinate systems, if any, that can be identified with a static Earth. Certainly the only coordinate of aeronomic (atmospheric) interest is the height, and this is usually either as geodynamic height or as pressure. In oceanology, the most important coordinate is depth, and this, like heights in the atmosphere, is expressed as metric depth from mean sea level, as geodynamic depth, or as pressure. Only for the earth do we find “static” systems in use, ana even here there is real question as to whether the systems are dynamic or static. So it would seem that our answer to the question, of what kind, of coordinate systems are we seeking, must be that we are looking for the same systems as are used in geophysics, and these systems are dynamic in nature already – that is, their definition involvestime.

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