Cheapest car insurance in Arizona
An ASU finance expert breaks down concepts of statistical and taste-based discrimination in car insurance.
In this story published Feb. 5, 2025, on WalletHub:
Statistical discrimination in auto insurance refers to using data-driven factors that correlate with risk to set different premiums for different groups. For example, insurers might charge higher premiums to teenage drivers because statistical evidence shows that they have higher accident rates as a group. This discrimination is based on actuarial data and risk assessment, not prejudice.
– Sreedhar Bharath, professor of finance
Latest news
- Tariff engineering: The legal way companies avoid paying higher import taxes
Strategies like tariff engineering benefit companies but hurt consumers, says an ASU economics…
- AI in business master's degree gave Melisa Hasan confidence to pursue her dream career
The Master of Science in Artificial Intelligence in Business (MS-AIB) is designed not only for…
- Chandler partners with ASU for long-term economic vitality study
W. P.