Economics Dictionary of Arguments

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Risks: Risks are the possibility of something considered negative happening. The assessment of risks influences current actions. While the corresponding events lie in the future, the risks exist in the present. See also Predictions, Knowledge, Actions, Behavior, Certainty, Future.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Kenneth J. Arrow on Risks - Dictionary of Arguments

Mause I 168
Risks/Insurance Markets/Information/Information Markets/Arrow: (1)
Def Negative selection/adverse selection: is when an insurance company no longer offers certain insurance policies because the risks to be insured are too high. Example: Conscientious customers can also no longer acquire certain insurance policies, ultimately because of the behavior of other customers.
>Insurance
, >Information/Economic Theories, >Information Economics,
>Adverse Selection.

1. K. J. Arrow, The economics of agency. In Principals and agents: The structure of business, Hrsg. John W. Pratt und Richard J. Zeckhauser, S. 37– 51. Boston 1985.

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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

EconArrow I
Kenneth J. Arrow
Social Choice and Individual Values: Third Edition New Haven 2012

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018


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