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We use data on households' deductible choices in auto and home insurance to estimate a structural model of risky choice …
Persistent link: https://www.econbiz.de/10009277162
We use data on insurance deductible choices to estimate a structural model of risky choice that incorporates "standard … important role in explaining the aversion to risk manifested in deductible choices. This finding is robust to allowing for …
Persistent link: https://www.econbiz.de/10010571178
on deductible choice in Dutch universal health insurance, we find that risk preferences are a dominant factor in decision … explaining deductible choice behavior than risk type. This finding contrasts with classical expected utility theory, as it …
Persistent link: https://www.econbiz.de/10009651717
This paper examines the predictive power of weather for electricity prices in day ahead markets in real time. We find that next-day weather forecasts improve the forecast accuracy of Scandinavian day-ahead electricity prices substantially in terms of point forecasts, suggesting that weather...
Persistent link: https://www.econbiz.de/10008475765
insurance markets, where risk perceptions are endogenous. …
Persistent link: https://www.econbiz.de/10005463861
. As an example, we present applications of affective decision-making in insurance markets, where the risk perceptions of …
Persistent link: https://www.econbiz.de/10005593233
. As an example, we present applications of affective decision-making in insurance markets, where the risk perceptions of …
Persistent link: https://www.econbiz.de/10005593304
as the importance of joint estimation. In addition, over our stakes levels we find no difference in the estimated …
Persistent link: https://www.econbiz.de/10011185623
This study uses an expected utility model of life insurance demand to derive reduced form equations for the Leland …
Persistent link: https://www.econbiz.de/10005641694
and car insurance using data from the UK. The main empirical results are: - higher labor income risk induces a higher … demand for car insurance. - the effects of increases in labor income risk after 1979 seem to be more than offset by a more …
Persistent link: https://www.econbiz.de/10005703033