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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 …
Persistent link: https://www.econbiz.de/10009240654
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/10013315858
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/10013094473
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/10010292086
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/10010288237
Persistent link: https://www.econbiz.de/10010247768
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 …
Persistent link: https://www.econbiz.de/10013330729
The idea that consumers are rational decision makers, who carefully consider options when making a decision about a certain phenomenon, will soon phase out! Believe it or not. In a bid to better understand the consumer, a myriad of economists still waste their precious time on “not-so-deep”...
Persistent link: https://www.econbiz.de/10012955334
Deductibles in health insurance are often regarded as a means to contain health care costs when individuals exhibit …-selection into different insurance contracts. We use a set of new variables in the German Socioeconomic Panel for the years 2002 … the data reveals that the effect of deductibles on the number of doctor visits is negligible. Private add-on insurance …
Persistent link: https://www.econbiz.de/10011633519
Deductibles in health insurance are often regarded as a means to contain health care costs when individuals exhibit …-selection into different insurance contracts. We use a set of new variables in the German Socioeconomic Panel for the years 2002 … the data reveals that the effect of deductibles on the number of doctor visits is negligible. Private add-on insurance …
Persistent link: https://www.econbiz.de/10014213324