We use data on households' deductible choices in auto and home insurance to estimate a structural model of risky choice …. Our main findings are robust to a variety of modeling assumptions. -- deductible ; loss aversion ; probability weighting …

European region reduces the regional GDP by 0.4%-0.6%; an average flood event in the U.S.A reduces the personal income by 0 ….3%-0.4%. Mandatory insurance regimes in Europe absorb the negative short-run effect of a flood, while the National Flood Insurance … Program (NFIP) in the U.S.A. mitigate the effects of a flood by about 50%. The results provide empirical foundation for the …

Deductibles in health insurance are often regarded as a means to contain health care costs when individuals exhibit …-selection into different insurance contracts. We use a set of new variables in the German Socioeconomic Panel for the years 2002 … the data reveals that the effect of deductibles on the number of doctor visits is negligible. Private add-on insurance …

tightly regulated plans offered by private insurance firms. For most eligible individuals without coverage from other sources … conclusions about the role of risk aversion in the insurance decisions. …

tightly regulated plans offered by private insurance firms. For most eligible individuals without coverage from other sources … conclusions about the role of risk aversion in the insurance decisions. …

risk averse anymore even if utility from divisible consumption is concave. I propose a definition of insurance in the … context of state-dependent preferences and investigate the different motives underlying insurance demand. The same reasons … that bases insurance demand on risk aversion with important implications for policy and research. …