I need help with a Business question. All explanations and answers will be used to help me learn.
Insurance: property, life, and health. Required preparation for class:
Ferguson, The Ascent of Money, Chapter 4
Reflect on the following questions as you read this chapter: What are the theoretical essentials that make insurance “work”? Why is insurance described as “where the risks and uncertainties of life meet the risks and uncertainties of finance”? What pushed England and Japan towards the “welfare state”? Why have the results been so different, in those countries, and in Chile? What financial instruments resemble the risk mitigating aspects of insurance?
Palazzo, Unethical Decision Making, “The Power of Strong Situations”