In Shard's markets offered unincredibly tantalizing and dare I say sexy prospect of providing

a measure of certainty and a dangerous and uncertain world.

Amy Finkelstein is an economist at MIT.

She didn't always think of insurance as sexy, but once she converted to this position,

she's a co-author of a new book called Risky Business.

Why insurance markets fail and what to do about it?

Today on Freakonomics Radio, the latest installment of the Freakonomics Radio Book Club.

We will find out whether insurance is actually sexy.

Along the way we explore the many different forms of insurance that do exist and why some

that don't exist perhaps should.

I say this with all respect and love for my husband, I'd love divorce insurance.

Everything you always wanted to know about insurance, but if you're like most people, just

didn't care enough to ask.

This is Freakonomics Radio, the podcast that explores the hidden side of everything,

with your host, Stephen Dubner.

Amy Finkelstein wrote her new book Risky Business with two other economists, Lyron Inav from

Stanford and Ray Fisman from Boston University.

Marlestine says her love affair with insurance, her words, began when she was a junior

staffer on the Council of Economic Advisers.

It was a 1997-1998 during the Clinton administration and Janet Yellen was the chair.

One of the really fun things about the Council of Economic Advisers is it's quite small.

You know, there's 20, 30 people there, but it has the same scope of things that needs

...