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

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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: 9781138208049

8th Edition

Authors: Sherman Folland, Allen C. Goodman, Miron Stano

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