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Persistent link: https://www.econbiz.de/10011429252
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Demand for insurance can be driven by high risk aversion or high risk. We show how to separately identify risk preferences and risk types using only choices from menus of insurance plans. Our revealed preference approach does not rely on rational expectations, nor does it require access to...
Persistent link: https://www.econbiz.de/10013010289
Persistent link: https://www.econbiz.de/10012595023
Demand for insurance can be driven by high risk aversion or high risk. We show how to separately identify risk preferences and risk types using only choices from menus of insurance plans. Our revealed preference approach does not rely on rational expectations, nor does it require access to...
Persistent link: https://www.econbiz.de/10012456874