Ambiguity and Government Risk-Bearing for Low-Probability Events

Howard Kunreuther and Edward Kane

Chapter 2 in Government Risk-Bearing, 1993, pp 21-44 from Springer

Abstract: Abstract What is the appropriate role of the federal government in dealing with ambiguous risks, where the insurance industry is reluctant to offer coverage and homeowners and businesses have a limited interest in voluntarily adopting loss-reduction measures? This question is of increasing importance today because of the potentially high costs to society from low-probability events.

Keywords: Insurance Industry; Federal Emergency Management Agency; Underground Storage Tank; Earthquake Insurance; Insured Loss (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-94-011-2184-2_2

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DOI: 10.1007/978-94-011-2184-2_2

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