Nyman, John A. (contributor) - 2001 - [Elektronische Ressource]
insurance prefer certain
losses to actuarially equivalent uncertain ones. Empirical studies, however, show that individuals …, other
studies have postulated that the demand for insurance is by Arisk averse@ consumers who use insurance
to Aavoid …, 1979; Tversky
and Kahneman, 1981, 1986, 1990). Indeed, these studies find that uncertain losses are generally
preferred …