Showing 1 - 10 of 10
The paper outlines an exchangeable non-Bayesian model of preference generalizing the Savage/de Finetti classic model of subjective expected utility preference with an exchangeable prior. The treatment is informal, and the emphasis is on motivation and potential applications rather than on...
Persistent link: https://www.econbiz.de/10011183735
We experimentally test whether risk aversion or ambiguity aversion can explain decisions in a learning-by-doing game. We first measure subjects' preferences toward risk and ambiguity, and then use these measures to predict behavior in the game. We find that ambiguity averse subjects pay more...
Persistent link: https://www.econbiz.de/10005100515
Internet use by insurance firms for online sales of their products and services has been the topic of many analyses …-called "lag"" experienced by the insurance industry as far as electronic commerce is concerned. Some analysts explain this ""lag …"" by the fear of Insurance companies to create distribution channel conflicts, to the extent that online sales could be …
Persistent link: https://www.econbiz.de/10005100451
Legislation, regulation and security codes but also the activities of the fire department contribute to the reduction of the number of fires and the associated damage. But all these instruments are expensive. The CIRANO was contracted to perform an exploratory economic analysis of the activities...
Persistent link: https://www.econbiz.de/10005100485
In a theoretical model, we analyze the effects of various kinds of demand- and supply-side incentives in the context of a model in which patients and doctors must decide not only on an aggregate quantity of health services to use in treating various kinds of illness, but also have a choice...
Persistent link: https://www.econbiz.de/10005100661
This paper looks at the dynamic properties of insurance contracts when insurers have better technology at preventing …
Persistent link: https://www.econbiz.de/10005100695
of carbon at irregular intervals. Permits markets, the use of green accounting, and insurance markets for sudden …
Persistent link: https://www.econbiz.de/10005100830
-to-diagnose injuries. Moreover, substitution between WC and other insurance programs may be observed. The decision of reporting a workplace … show that increases in WC insurance are associated with an increase in the frequency of injuries (elasticities ranging from … evidence (at least in Canada) of substitution between unemployment insurance and WC insurance. Lastly, there are empirical …
Persistent link: https://www.econbiz.de/10005100950
channel. We propose a model which is applied to three products from the insurance sector. This allows us to refine the use of …
Persistent link: https://www.econbiz.de/10005100965
This paper characterizes the optimal insurance contract in an environment where an informed agent can misrepresent the …
Persistent link: https://www.econbiz.de/10005101113