In The Ostrich Paradox, Wharton professors Robert Meyer and Howard Kunreuther draw on years of teaching and research to explain why disaster preparedness efforts consistently fall short. Filled with heartbreaking stories of loss and resilience, the book is a must-read for policy-makers who want to build more prepared communities.
A profound and insightful look at how companies prepare for and respond to crises that threaten catastrophic disruption to their operations and even their existence.
Demonstrates that emotions play a role in predicting departures from expected utility maximization for making insurance purchasing decisions over time. The authors highlight the conceptual issues and alternative theories of behaviour about repeat insurance purchasing over time.
Evidence suggests that cost-effective preventive measures are sometimes rewarded by insurers in ways that could change their clients' behavior. These examples reveal that insurance activities are not always in the best interest of individuals at risk. This book discusses such behavior with the intent of categorizing these insurance "anomalies".
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