معرفی
Akio Hoshino is an Associate Professor at the School of Commerce, Waseda University, specializing in actuarial science and insurance risk management. His academic work bridges theoretical risk analysis with practical insurance applications, focusing on how individuals perceive and respond to different types of risks. Hoshino actively contributes to both undergraduate and graduate education through multiple courses in insurance management, actuarial science, and business fundamentals.
Hoshino's research centers on a groundbreaking three-type classification of risk preferences (pure, speculative, and lottery risks), which explains seemingly contradictory behaviors where individuals may be risk-averse in insurance contexts yet risk-seeking in gambling. His work demonstrates that risk preferences are domain-specific rather than universal, with minimal correlation between risk attitudes across different contexts. This has significant implications for insurance product development, pricing strategies, and consumer protection regulations.
His publication record reveals a consistent focus on understanding how psychological and behavioral factors influence insurance decision-making. Recent work examines flood insurance take-up patterns, the impact of autonomous driving technology on automobile insurance, and cognitive biases affecting risk perception. Hoshino's research increasingly incorporates quantitative methods to measure risk premiums across different risk domains, contributing to more nuanced economic models of risk behavior.
- Fellow of Institute of Actuaries of Japan
As principal investigator for the Japan Society for the Promotion of Science Grants-in-Aid project "Quantitative assessment of risk appetite based on a new classification of risks" (2022-2025), Hoshino has led extensive survey research involving 1,000 Japanese participants to measure risk preferences across different domains. His concurrent research project "Analysis of risk appetite by introducing three risk categories" further develops this framework, with findings presented at international conferences including the upcoming 2025 World Risk and Insurance Economics Congress.
