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Economics in Game of Thrones
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      • Jon Snow’s Trade-Offs: Allies Against the White Walkers
      • Opportunity Cost of Brienne Fighting a Bear
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      • Stannis and Jon Consider Risks vs. Rewards
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      • Supply and Demand: Tyrion’s Search For a Room
      • Trade Restrictions Cause Chicken Prices to Increase in House of the Dragon
    • Free Markets
      • Arya Stark is Tipped
      • Lannister’s and The Resource Curse
      • Night’s Watch Sorts Instead of Using Markets
      • Tyiron and Bronn Discuss Licensing
    • Game Theory
      • Bronn Wants His Kids to Fight Over His Estate
      • Daenerys Overcomes Principal Agent Problem
      • Game Theory in House of the Dragon: A Mixed Strategy for the Prince’s Life
      • King Joffrey Faces Principal Agent Problem
      • Lord Frey has Bargaining Advantage in Game of Thrones
      • Ramsey’s Dilemma: Coalition or Conflict
      • Voting for Knight’s Watch Commander
    • Monopolies
      • Craster’s Monopoly: Control Beyond the Wall
    • Positive vs. Normative Statements
      • Tyrion Understands Positive vs. Normative
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      • The Wall is a Public Good
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      • Cersei’s Imprisonment is an Unintended Consequence
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      • What Can Daenerys and Jorah Use as Currency?
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      • No Economic Growth in Westeros
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      • Bran’s Insight: Climbing the Chaos Ladder
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      • Tyiron and Bronn Discuss Licensing
      • Tyrion’s Plan: Sanctions Against King’s Landing
      • Tywin’s Trap: Forcing Lady Tyrell’s Hand
    • Free Trade
      • Markets vs. Plunder: Theon’s Case for Cooperation
      • Trade Restrictions Cause Chicken Prices to Increase in House of the Dragon
    • GDP – Gross Domestic Product
      • The Master’s Shadow
      • The Hand’s Tournament: Government Spending Under Fire
    • Investing
      • Cersei and the Callable Bonds
      • Mace Tyrell and the Iron Bank’s Investing Strategy
      • Robb’s Coalition: The Cost of a Broken Promise
    • Loans
      • Cersei’s Debt Dilemma: The Cost of Loans and Interest”
      • Iron Bank Demands: Cersei’s Struggle with Debt
      • Tyrion Explains How Loans Work
      • The Weight of Debt: Tyrion’s Lannister Legacy
    • The Broken Window Fallacy
      • Doran’s Choice: The Cost of War Over Wealth
  • Lesson Plans
  • About

Tag: Insurance Markets

Insurance Markets in Westeros

by Nicholas ScarmozzinoFree MarketPosted on January 27, 2023January 12, 2025Comments are Disabled

Season 5 Episode 8: Arya and Jaqen H’ghar discuss the case where someone bets that their ship won’t successfully make the voyage, i.e., that he will die. In essence, they are discussing the ship captain taking life insurance, as the family will be paid if the captain dies. Life insurance is common in the US, …

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