for selling the content of their boxes. If contestants are less risk averse when facing unlikely gains, the price offer is … virtually identical across two groups. Thus, contestants appear to have identical risk attitudes over (large) gains of low and …

Economic research offers two traditional ways of analyzing decision making under risk. One option is to compare the …

Health insurance is potentially subject to risk selection, i.e. adverse selection on the part of consumers and cream … skimming on the part of insurers. Adverse selection models predict that competitive health insurers can eschew high-risk … individuals by o¤ering contracts with low deductibles or co-payment rates, while attracting low-risk individuals with higher …

cost sharing. Both elements risk to burden the population with a welfare loss if preferences differ. This suggests … exhibit more status quo bias, they require less rather than more specific compensation for selected cutbacks considered …