Predictably irrational : applying behavioral economics to actuarial science

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<title>Predictably irrational</title>
<subTitle>: applying behavioral economics to actuarial science</subTitle>
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<abstract displayLabel="Abstract">At some time in every actuary's career, one will observe human behavior that from an actuarial or economic perspective defies the theory that people will behave to promote their self-interest. How often have we observed people sell their benefit entitlements for substantially less than the economic value of what they would otherwise receive?</abstract>
<note type="statement of responsibility">Randall Stevenson</note>
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<title>Contingencies : American Academy of Actuaries</title>
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<publisher>Washington : American Academy of Actuaries, 2019-2024</publisher>
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<text>01/01/2020 January-February 2020 , p. 14-19</text>
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