Friedl, Andreas; Miranda, Katharina Lima de; Schmidt, Ulrich - In: Journal of Risk and Uncertainty 48 (2014) 2, pp. 97-109
This paper analyzes whether social comparison can explain the low take-up of disaster insurance usually reported in field studies. We argue that risks in the case of disasters are highly correlated between subjects whereas risks for which high insurance take-up can be observed (e.g. extended...