Construct · 1 fields · 1 citations

self-protection: a standalone construct

One name. One construct. A landmark on the map.

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Insurance economics

spending to lower the probability of a loss, as distinct from self-insurance, which lowers the size of the loss.

In insurance economics, self-protection refers to spending to lower the probability of a loss, as distinct from self-insurance, which lowers the size of the loss. This meaning comes from Ehrlich (1972) in Journal of Political Economy.[1]

Unit
Recovery means
Measured by

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Nearby constructs

self-insurance1 fields · 1 citationsanchor · a standalone construct dust explosibility1 fields · 1 citationsanchor · a standalone construct fundamental social motives1 fields · 1 citationsanchor · a standalone construct

References

Ehrlich, I., & Becker, G. S. (1972). Market Insurance, Self-Insurance, and Self-Protection. Journal of Political Economy, 80(4), 623-648. https://doi.org/10.1086/259916

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