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Risk, Public Perception and Education: Quantitative and Qualitative Risk


Martin Shubik


Yale University - School of Management; Yale University - Cowles Foundation
April 2001

Yale SOM Working Paper No. ES-09

Abstract:     
A brief survey of the development of the study of risk and probability is given together with some basic observations on their application to insurance. This is followed with observations on the lack of appreciation of probability studies and an elementary feeling for probability by the public at large and a suggestion that the time is ripe for a new science museum involving basic economics and the exposition of the role of probability in finance.

Key words: Risk, Probability, Insurance

Number of Pages in PDF File: 8

JEL Classification: D80, G22, I20

working papers series


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Date posted: June 5, 2001  

Suggested Citation

Shubik, Martin, Risk, Public Perception and Education: Quantitative and Qualitative Risk (April 2001). Yale SOM Working Paper No. ES-09. Available at SSRN: http://ssrn.com/abstract=270853 or http://dx.doi.org/10.2139/ssrn.270853

Contact Information

Martin Shubik (Contact Author)
Yale University - School of Management ( email )
Box 208200
New Haven, CT 06520-8200
United States
Yale University - Cowles Foundation ( email )
Box 208281
New Haven, CT 06520-8281
United States
203-432-3694 (Phone)
203-432-6167 (Fax)
HOME PAGE: http://cowles.econ.yale.edu/P/au/d_shubik.htm
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