Nyman's A Theory of Insurance and Gambling builds on his groundbreaking analysis of the demand for and welfare effects of health insurance, extending it to insurance in general and to unidentified parallels between the demand for insurance and the demand for gambling. In each area he provides a compelling critique of conventional theories, grounded in empirical evidence, while offering alternative models and insights that align with both intuition and evidence. This is an important book for anyone interested in insurance and gambling.
John A. Nyman is Professor Emeritus of Health Policy and Management in the School of Public Health at the University of Minnesota. His research interests lie mainly in insurance, cost-effectiveness analysis, and gambling. He has also written on nursing home policy and health promotion programs in the workplace. He has written over 150 research articles and is the author of The Theory of Demand for Health Insurance (Stanford University Press, 2003).