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Information, Risk, and Insurance

17 Lessons 58 mins

Discover how imperfect information can affect equilibrium price and quantity, explore mechanisms to reduce risk of imperfect information, and learn about government and social insurance in the context of insurance and risk management.

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Tutorial Lessons

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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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