Abstract
A recent paper by Marshall W. Reavis I treats a subject of considerable interest to practicing risk managers, many insurance professors, and some insurance agents. Few would argue that the area of risk management is not worthy of further study. Mr. Reavis' paper, however, adds little, if any to the current body of knowledge. It is questionable, therefore, whether it should have been published for this particular body of readers. The essence and most of the specific aspects of the article have appeared in previous issues of this Journal, several text books and compilation of readings, and journals in related fields.2 This leads to the rather obvious impression that Mr. Reavis did not undertake a careful survey of the literature prior to writing his paper. Further evidence of this is found in his omission and apparent confusion on some generally accepted points which are discussed subsequently. Authors should document a deliberate deviation from commonly accepted thought or the reliance on
Published Version
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