Prospect Theory, Life Insurance, and Annuities

This paper presents a prospect theory-based model of insurance against mortality risk. The model accounts for five main puzzles from life insurance and annuity markets: under-annuitization; insufficient life insurance among the working age; excessive life insurance among the elderly; guarantee clauses; and the simultaneous holding of life insurance and annuities

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Year of publication:	2012
Authors:	Gottlieb, Daniel
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Lebensversicherung \| Life insurance \| Prospect Theory \| Prospect theory

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Extent:	1 Online-Ressource (42 p)
Series:	The Wharton School Research Paper ; No. 44
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2, 2012 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013103044