The relevance and the impact of experience in insurance markets are underinvestigated. From Italian farm-level data we … exploratory analysis, allows one to compare how different sources of experience influence the crop insurance decision making … process. We found that direct experience is a catalyst for insurance participation of medium and large farms. The experience …

Based on recent empirical evidence which suggests that as investors gain experience, their investment performance … improves, we hypothesize that the specific mechanism through which experience translates into better investment returns is … closely related to learning from investment mistakes. To test our hypotheses, we use an administrative dataset which covers …

’s learning outcomes and late school enrolment. After resolving endogeneity, we find that a standard deviation increase in … financial inclusion is associated with 0.7882 to 0.9504 standard deviations increase in children’s learning outcomes. It also … reduces late school enrolment by 0.9493 standard deviation. Financial inclusion enhances learning and schooling outcomes more …

-scale retailers in Western Uganda. The treatments contrast "active learning" with "traditional lecturing" within standardized lesson …-plans. We find that active learning has a positive and economically meaningful impact on savings and investment outcomes, in … active learning intervention seems to be superior as it works via three cognitive and non-cognitive mechanisms, i …

-scale retailers in Uganda. The treatments contrast "active learning" with "traditional lecturing" within standardized lesson-plans. We … find that active learning has a positive and economically meaningful impact on savings and investment outcomes, in contrast …. Tentative evidence suggests that only active learning stimulates several cognitive and non-cognitive mechanisms; moreover, a …

This paper considers the potential role of government in aiding the scale-up of high quality index insurance products … in developing countries. In particular, we analyse optimal public policy in light of the fact that index insurance …

insurance adoption and the mechanisms through which social networks operate. To quantify network effects, the experiment offers … intensive information sessions about the insurance product to a random subset of farmers. For untreated farmers, the effect of … having an additional treated friend on take-up is equivalent to granting a 15% reduction in the insurance premium. By varying …

social planner benchmark model, and what are the game-theoretic properties of these decision-rule combinations?  We begin our … reinforcement learning to sophisticated adaptive dynamic programming algorithms.  We then use computational experiments to explore …