In her novel Sense and Sensibility, Jane Austen wrote, If you observe, people always live forever when there is any annuity to be paid them Relate this quotation to the issue of adverse selection in annuity markets ...

Austens quote seems like it could relate adverse selection but perha ...

In her novel Sense and Sensibility, Jane Austen wrote, If you observe, people always live forever when

Question:

In her novel Sense and Sensibility, Jane Austen wrote, “If you observe, people always live forever when there is any to be paid them.” Relate this quotation to the issue of adverse selection in markets.
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...