We use data on households' deductible choices in auto and home insurance to estimate a structural model of risky choice …. Our main findings are robust to a variety of modeling assumptions. -- deductible ; loss aversion ; probability weighting …

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 …

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 …

I revisit the question of which motive underlies insurance demand. I draw on the literature of state-dependent utility … and on the literature of imperfectly divisible consumption to argue that the general purpose of insurance is not a risk … transfer, but meeting a conditional need. In this way, insurance aligns the risk in one's ftnancial endowment with the risk in …

This paper describes the challenges consumers, insurers and insurance regulators face in dealing with insurance for low … engage in short-term intuitive thinking rather than long-term deliberative thinking when making insurance-related decisions … problems and provide coverage for catastrophic risks. Insurance premiums based on risk provide signals to residents and …

risk taking for 112 listed US insurance companies over 2003- 2010. Using OLS, system GMM and 3SLS, we find that board …

risk taking for 112 listed US insurance companies over 2003-2010. Using OLS, system GMM and 3SLS, we find that board …

This study examines the relation of incentives and risk taking for 104 listed U.S. insurance companies over 2006 …

that the donor may be sure to get a tax benefit. We interpret this function as insurance and test the option to insure … donations in the lab. Our participants indeed have a positive willingness to pay for insurance against either risk. Yet the … insurance option is only critical for their willingness to donate to a charity if the uncertainty affects the proper use of …