Brunette, Marielle; Cabantous, Laure; Couture, Stéphane; … - Laboratoire d'Économie Forestière, Département … - 2008
compensation schemes and ambiguity on insurance and self-insurance decisions. Consistent with theory, we find that government … the purchase of an insurance policy. Thirdly, we find that ambiguity, i.e., uncertainty about probability, significantly … increases WTPs for insurance. This result, which indicates that decision-makers are ambiguity averse, is in line with previous …