A Discrete Choice Experiment (DCE) in the health-care sector is used to test the loss aversion theory that is derived … with non-tangible attributes. A health-care event is used for empirical illustration: The loss aversion theory is tested …

experience on preferences for attributes of health-care events. We are using two very different samples and a methodology that … facilitates the estimation of marginal utilities of various attributes of a composite non-traded health-care service. Discrete … is that preferences for health-care attributes are significantly changed as a result of experience with the health event …

as experience is accumulated. This paper tests the effect of experience with a health-care service on preferences for … basic findings are that preferences change significantly as a result of experience with the health event; that the effect of …

size of stock adjustment decisions, and find broad support for theoretical predictions in formal selection …

Theory suggests that people facing higher uninsurable background risk buy more insurance against other risks that are … casualty insurance increases with earnings uncertainty. This finding is consistent with consumer preferences being …

The full insurance hypothesis states that shocks to the firm's performance do not affect workers' compensation. In … principal-agent models with moral hazard, firms trade off insurance and incentives to induce workers to supply the optimal level … overall earnings variability, the remainder originating in idiosyncratic shocks. Finally, we show that the amount of insurance …

What are the welfare effects of a policy that facilitates for insurance customers to privately and covertly learn about … their accident risks? We endogenize the information structure in Stiglitz's classic monopoly insurance model. We first show …

We study a monopoly insurance model with endogenous information acquisition. Through a continuous effort choice …