We use a large data set of deductible choices in auto insurance contracts to estimate the distribution of risk … for unobserved heterogeneity in both risk (probability of an accident) and risk aversion. Ex-post claim information … separately identifies the marginal distribution of risk, while the joint distribution of risk and risk aversion is identified by …

We use a large data set of deductible choices in auto insurance contracts to estimate the distribution of risk … for unobserved heterogeneity in both risk (probability of an accident) and risk aversion. Ex-post claim information … separately identifies the marginal distribution of risk, while the joint distribution of risk and risk aversion is identified by …

We estimate the distribution of risk preferences using a large data set of deductible choices in auto insurance … both risk (claim rate) and risk aversion. We use data on realized claims to estimate the distribution of claim rates and … data on deductible and premium choices to estimate the distribution of risk aversion and how it correlates with risk. We …