On the recordNovember 18, 2013
One of the reasons that government is not good at pricing risk is because sometimes instead of pricing it actuarially or based on a risk model, it is priced politically.
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congress.govOne of the reasons that government is not good at pricing risk is because sometimes instead of pricing it actuarially or based on a risk model, it is priced politically.
Neugebauer discusses the political influences on government risk pricing.
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