R. Guy Thomas
YOU?
Author Swipe
View article: Long-term option pricing with a lower reflecting barrier
Long-term option pricing with a lower reflecting barrier Open
This paper considers the pricing of long-term options on assets such as housing, where either government intervention or the economic nature of the asset limits large falls in prices. The observed asset price is modelled by a geometric Bro…
View article: Will genetic test results be monetized in life insurance?
Will genetic test results be monetized in life insurance? Open
If life insurers are not permitted to use genetic test results in underwriting, they may face adverse selection. It is sometimes claimed that applicants will choose abnormally high sums insured as a form of financial gamble, possibly finan…
View article: Valuation of no-negative-equity guarantees with a lower reflecting barrier
Valuation of no-negative-equity guarantees with a lower reflecting barrier Open
If the general level of house prices falls a long way, policymakers may introduce new policies which seek to support prices. This paper considers the effect of such interventions on the valuation of no-negative-equity guarantees (NNEG) in …
View article: Whistleblowing and power: A network perspective
Whistleblowing and power: A network perspective Open
This article presents a network perspective on whistleblowing. It considers how whistleblowing affects, and is affected by, the preexisting distribution of power inside and outside an organization, where power is conceptualized as deriving…
View article: Insurance loss coverage and social welfare
Insurance loss coverage and social welfare Open
Restrictions on insurance risk classification may induce adverse selection, which is usually perceived as a bad outcome, both for insurers and for society. However, a social benefit of modest adverse selection is that it can lead to an inc…
View article: Why insurance works better with some adverse selection
Why insurance works better with some adverse selection Open
Regulatory restrictions on insurance risk classification are a common feature of personal insurance markets. Whilst such
restrictions appear motivated by social objectives, they may also induce adverse selection. This is usually perceived…
View article: Why Insurers Are Wrong about Adverse Selection
Why Insurers Are Wrong about Adverse Selection Open
Insurers typically argue that regulatory limits on their ability to use genetic tests will induce ‘adverse selection’; they say that this has disadvantages not just for insurers, but also for society as a whole. I argue that, even on its o…
View article: Insurance loss coverage and demand elasticities
Insurance loss coverage and demand elasticities Open
Restrictions on insurance risk classification may induce adverse selection, which is usually perceived as a bad outcome. We suggest a counter-argument to this perception in circumstances where modest levels of adverse selection lead to an …
View article: Loss Coverage: Why Insurance Works Better with Some Adverse Selection
Loss Coverage: Why Insurance Works Better with Some Adverse Selection Open
Insurers typically argue that regulatory limits on risk classification will induce ‘adverse selection’; they say that this has disadvantages not just for insurers, but also for society as a whole. I argue that even on its own terms, this a…