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Information, Risk, and Insurance

17 Lessons 58 mins

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Introduction to Information, Risk, and Insurance

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2

The Problem of Imperfect Information and Asymmetric Information

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3

“Lemons” and Other Examples of Imperfect Information

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4

How Imperfect Information Can Affect Equilibrium Price and Quantity

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5

When Price Mixes With Imperfect Information About Quality

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Mechanisms to Reduce the Risk of Imperfect Information

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7

Key Concepts and Summary

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8

Insurance and Imperfect Information

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9

How Insurance Works

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10

Government and Social Insurance

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11

Risk Groups and Actuarial Fairness

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12

The Moral Hazard Problem

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13

The Adverse Selection Problem

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14

U.S. Health Care in an International Context

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15

Government Regulation of Insurance

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16

The Patient Protection and Affordable Care Act

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17

Key Concepts and Summary

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