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This article studies insurance demand in a two-period framework in which an individual faces risks in both current and … unambiguously reduce risk, and decision makers might demand more insurance when there is a positive loading on the premium than when … the insurance price is actuarially fair. We compare the demand for insurance in our framework with that in a two …
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Thirty subsystems constituting a functioning motor vehicle, including brake, steering, suspension, engine, electrical, and fuel systems, were evaluated by individuals on a set of risk characteristic scales. These included overall vehicle riskiness, likelihood of severe consequences in the event...
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