payments and financial literacy, as well as markets for health insurance, crop insurance, agricultural credit, small firm …

aspects of financial literacy-i.e., budgeting, debt, saving, investment, and insurance-were elicited from a large sample of …, but only a moderate level in relation to investment and insurance. The study findings indicate that current efforts on the … should continue and that more attention should be paid to educating Saudi citizens in relation to investment and insurance. …

The aim of the study was to establish the significance of the individual components of insurance literacy - knowledge …, skills, attitude and behaviour - in explaining insurance inclusion in Uganda. The study was correlational and cross …-sectional by design. Hence, 400 responses were obtained from individuals who enrolled for insurance. A hierarchical multiple …

We study insurance markets with individuals that have limited financial literacy. In our model, complexity of insurance … contracts causes individuals to be uncertain about insurance payouts. As a result, a trade-off between second-order (risk … aversion) and third-order (prudence) risk preferences drives insurance demand. Very prudent individuals desire more insurance …

This paper studies insurance demand for individuals with limited financial literacy. We propose uncertainty about … insurance payouts, resulting from contract complexity, as a novel channel that affects decision-making of financially illiterate … individuals. Then, a trade-off between second-order (risk aversion) and third-order (prudence) risk preferences drives insurance …