pension benefit rule that is adopted. If this rule incorporates some implicit or explicit redistribution from healthy to … unhealthy individuals then the latter types are better off as a result of the pension system. In the absence of redistribution …

-compatible insurance demand experiment in which we manipulate the information disclosed to subjects. We test whether any of the three most … commonly suggested disclosures affect insurance demand, disclosing either (1) the true probability of loss, (2) the contract …, subjects in the laboratory demonstrate significant demand for high-load insurance against modest stakes. However, we find no …