Related Experiment Video
Updated: Oct 1, 2025
05:53
Candidate Gene Testing in Clinical Cohort Studies with Multiplexed Genotyping and Mass Spectrometry
Published on: June 21, 2018
10.3K
Anti-Selection & Genetic Testing in Insurance: An Interdisciplinary Perspective.
Summary
Anti-selection in insurance happens when applicants have more risk information than insurers. This information gap allows high-risk individuals to obtain lower premiums unfairly.
Area of Science:
- Actuarial Science
- Risk Management
- Insurance Economics
Background:
- Information asymmetry is a key challenge in insurance markets.
- Applicants often possess private information about their risk levels.
Purpose of the Study:
- To define and explain the concept of anti-selection in insurance.
- To highlight the role of information asymmetry in premium determination.
Main Methods:
- Conceptual analysis of insurance market dynamics.
- Review of adverse selection principles.
Main Results:
- Anti-selection arises from a disparity in risk knowledge between insurers and applicants.
- Applicants may exploit this asymmetry to secure underpriced insurance.
Conclusions:
- Addressing information asymmetry is crucial for fair insurance pricing.
- Anti-selection can lead to market inefficiencies and financial instability.
Related Concept Videos
01:28Human Genetics
778
Human genetics provides a profound framework for understanding the interplay between genetic predispositions and human psychology. At the heart of this discipline lies the study of how genes influence physical traits, behaviors, and susceptibility to diseases. Each person carries a unique genetic code that subtly or significantly shapes their psychological and behavioral landscape.
The complex relationship between genetics and psychology is observable through common biological components such...
The complex relationship between genetics and psychology is observable through common biological components such...
778
01:23Behavioral Genetics and Its Designs
595
Behavior genetics explores how genetic inheritance influences human behavior. It focuses on how genes, passed from parents to offspring, contribute to the development of behavioral traits and tendencies. This branch of genetics seeks to understand the complex interplay between inherited genetic factors and environmental influences in shaping our behaviors.
The primary methodologies used in behavior genetics include family studies, twin studies, and adoption studies, each providing unique...
The primary methodologies used in behavior genetics include family studies, twin studies, and adoption studies, each providing unique...
595
00:57Inclusive Fitness
36.4K
Most altruistic behavior—in which one animal helps another at a cost to themselves—occurs between relatives. Scientists think these altruistic behaviors evolved because they increase the inclusive fitness of the animal providing help.
36.4K
01:23Types of Biopharmaceutical Studies: Controlled and Non-Controlled Approaches
187
Biopharmaceutical studies constitute a vital field aiming to enhance drug delivery methods and refine therapeutic approaches, drawing upon diverse interdisciplinary knowledge. In research methodologies, the choice between controlled and non-controlled studies significantly influences the study's reliability and accuracy.
Non-controlled studies, commonly employed for initial exploration, lack a control group, rendering them susceptible to biases and external influences. In contrast,...
Non-controlled studies, commonly employed for initial exploration, lack a control group, rendering them susceptible to biases and external influences. In contrast,...
187
01:21Frequency-dependent Selection
22.3K
When the fitness of a trait is influenced by how common it is (i.e., its frequency) relative to different traits within a population, this is referred to as frequency-dependent selection. Frequency-dependent selection may occur between species or within a single species. This type of selection can either be positive—with more common phenotypes having higher fitness—or negative, with rarer phenotypes conferring increased fitness.
22.3K
01:29Issues And Trends In Healthcare Delivery System
5.9K
The issues and trends in healthcare delivery are constantly changing. The COVID-19 pandemic is one recent issue that wreaked havoc on healthcare systems, causing a shortage of healthcare workers, high demand for medicines and supplies, and increased medical expenditure due to a lack of insurance. Other issues include rising healthcare costs and care fragmentation.
Cost Containment
Payment for healthcare services has historically promoted adoption of costly and often unnecessary or inefficient...
Cost Containment
Payment for healthcare services has historically promoted adoption of costly and often unnecessary or inefficient...
5.9K