#44: Risky Business: Why Insurance Markets Fail and What to Do About It with Amy Finkelstein
Play • 26 min

Amy Finkelstein is the John & Jennie S. MacDonald Professor of Economics at the Massachusetts Institute of Technology. She is the co-founder and co-Scientific Director of J-PAL North America, a research center at MIT that encourages and facilitates randomized evaluations of important domestic policy issues.

She is also the founding Editor of American Economic Review: Insights and the co-Director of the Health Care Program at the National Bureau of Economic Research. She is a member of the National Academy of Sciences and of the Institute of Medicine, and a fellow of the American Academy of Arts and Sciences and of the Econometric Society.

I spoke with Amy about the book she co-authored with fellow economists Liran Einav and Ray Fisman titled: Risky Business: Why Insurance Markets Fail and What to Do About It.

Some of the topics we discussed includes: 

  •  Why 'selection' is integral when it comes to insurance
  • Why doesn't divorce insurance exist?
  •  The 'premiums of selection' being something not often discussed in free markets
  • Can governments mandate against insurance selection problems? and what can it help to rectify?
  • How customers are still able to know how much of a risk they are, contrary to the insurers knowledge
  • Actions insurance companies take to try and attract  the customer they want.
  • The other markets that are affected by selection and potential future projects.

The Book and Audiobook: Risky Business: Why Insurance Markets Fail and What to Do About It is out now.

As of now, my podcast is biweekly and prior to an episode I’ll let you know what book/audiobook I’ll be listening to before the next show so we can delve into it together!

Please don’t forget to subscribe to the podcast so you’re in the loop whenever a new episode comes out.



Are you an author that will like to be  on the next episode of the podcast?

Listeners: Did I cover a book you read or listened to? Did I discuss the things which also stuck out to you? Or did I miss it out?..... get in touch, and let me know what your experience was or to give me audiobook recommendations: soundsaboutpod@gmail.com

More episodes
Clear search
Close search
Google apps
Main menu