Do bad risks know it? Experimental evidence on optimism and adverse selection

Subjects who overestimate their performance in experimental tasks unrelated to travel are less willing to insure against failing in the task and also less inclined to buy travel insurance. This suggests intrinsic optimism influences insurance demand and diminishes adverse selection.

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Year of publication:	2012
Authors:	Coelho, Marta ; de Meza, David
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 114.2012, 2, p. 168-171
Publisher:	Elsevier
Subject:	Optimism \| Forecast error \| Selection effects \| Insurance

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Type of publication:	Article
Classification:	C91 - Laboratory, Individual Behavior ; D60 - Welfare Economics. General ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; D82 - Asymmetric and Private Information ; D83 - Search, Learning, Information and Knowledge ; D84 - Expectations; Speculations ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010572143