Economic Theory of Risk and Insurance

Allan H. Willett was a member of the faculty of Carnegie Mellon University.

"One of the classic books on Insurance is Allan H. Willett's The Economic Theory of Risk and Insurance. . . . This has long been a scarce item, in fact, impossible to buy, although every student of Insurance knows that it was the first and still remains the best discussion of the economic principles of Insurance." (Robert Riegel, Professor of Statistics and Insurance, University of Buffalo)