How are the concepts of the riskreturn trade-off, risk pooling, and the work of actuaries a foundation

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How are the concepts of the risk–return trade-off, risk pooling, and the work of actuaries a foundation for the logic of insurance as well as the premium you will ultimately pay?

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Personal Finance Turning Money into Wealth

ISBN: 978-0133856439

7th edition

Authors: Arthur J. Keown

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Question Posted: Jan 13, 2016 01:41 AM

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How are the concepts of the riskreturn trade-off, risk pooling, and the work of actuaries a foundation

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Insurance is based on the concept of pooled risk or the idea that diversifying the cost of a loss ov...View the full answer

Personal Finance Turning Money into Wealth

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