Showing 1 - 10 of 29,303
Persistent link: https://www.econbiz.de/10013344755
Persistent link: https://www.econbiz.de/10001672508
Utility theory suggests that foreseeable risk should increase the compensation for work. This paper expands on this … notion: on basis of utility theory, people should care not only about risk but also about the skewness in the distribution of …
Persistent link: https://www.econbiz.de/10011405939
Persistent link: https://www.econbiz.de/10003755703
Persistent link: https://www.econbiz.de/10003482047
Persistent link: https://www.econbiz.de/10003505535
Persistent link: https://www.econbiz.de/10003029560
We use a large data set of deductible choices in auto insurance contracts to estimate the distribution of risk preferences in our sample. To do so, we develop a structural econometric model, which accounts for adverse selection by allowing for unobserved heterogeneity in both risk (probability...
Persistent link: https://www.econbiz.de/10013231443
We use a large data set of deductible choices in auto insurance contracts to estimate the distribution of risk preferences in our sample. To do so, we develop a structural econometric model, which accounts for adverse selection by allowing for unobserved heterogeneity in both risk (probability...
Persistent link: https://www.econbiz.de/10012467219
We estimate the distribution of risk preferences using a large data set of deductible choices in auto insurance contracts. To do so, we develop a structural econometric model of adverse selection that allows for unobserved heterogeneity in both risk (claim rate) and risk aversion. We use data on...
Persistent link: https://www.econbiz.de/10014051801