How do we determine the value (willingness to pay) for insurance?

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:33 AM

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How do we determine the value (willingness to pay) for insurance?

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The amount that someone would be willing to pay to avoid risk is measured using the persons utility ...View the full answer

Microeconomics

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