adverse selection is that private information, on which agents act, is generally unobservable to the researcher, which makes … insurance makes it possible to observe a proxy for private information. Interestingly, results differ across risk classes … the effectiveness of prevention across high and low risk classes. -- Asymmetric information ; Adverse Selection …

is to relate the dropout decision to new information on risk, acquired by the policy holder and the insurer. The results … utilization. The results show updating on dental risk to be asymmetric, giving agents and insurer partly different information … insurer's information fully into account, even though it is public. The decision is also based on old information …