*Risky Business*
30th October 2022
The subtitle is Why Insurance Markets Fail and What To Do About It, and the authors are the highly regarded Liran Einav, Amy Finkelstein, Ray Fisman. The level is a bit above what could make this book a bestseller, but I consider that a good thing. The book in fact is a classic example of how to present economic research in readable, digestible form and should be regarded as such.
People don’t spend a lot of time thinking about insurance–nothing is more boring than an insurance salesman, per the conventional wisdom–but insurance is one of the pillars of modern civilization (in the same way that sewage removal is a necessary requirement of modern cities).