1.5 If only risk- averse people will buy health insurance, why do many people who buy health...

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1.5 If only risk- averse people will buy health insurance, why do many people who buy health insurance also buy lottery tickets (an activity more consistent with risk- taking, especially since most lotteries are not actuarially fair)? Speculate on the differences and similarities.

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The Economics Of Health And Health Care

ISBN: 9781032309866

1st Edition

Authors: Sherman Folland; Allen C. Goodman; Miron Stano; Shooshan Danagoulian

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