An experimental investigation of insurance decisions in low probability and high loss risk situations

This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results indicate that subjects consider the probability of loss (loss size) when they make buying decisions (paying decisions). Most individuals are risk averse with no specific threshold probability. Copyright Springer-Verlag Berlin Heidelberg 2014

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Year of publication:	2014
Authors:	Ozdemir, Ozlem ; Morone, Andrea
Published in:	Journal of Economic Interaction and Coordination. - Springer, ISSN 1860-711X. - Vol. 9.2014, 1, p. 53-67
Publisher:	Springer
Subject:	Risk \| Insurance \| Low probability \| High loss \| Experiment

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010759790