overcome the difficulty of standard models to understand consumption insurance in the US. As our main result, we find that the … quantitative relevance of advance information crucially depends on the structure of insurance markets. For a realistic amount of … key consumption insurance measures better than existing models without advance information. In contrast, when advance …

Recent research in contract theory on the effects of behavioral biases implicitly assumes that they are stable, in the … case. We show that in an insurance context, being insured against losses that may be incurred in a real-effort task changes … subjects' self-confidence. Our novel experimental design allows us to disentangle selection into insurance from the effects of …

Recent research in contract theory on the effects of behavioral biases implicitly assumes that they are stable, in the … case. We show that in an insurance context, being insured against losses that may be incurred in a real-effort task changes … subjects' self-confidence. Our novel experimental design allows us to disentangle selection into insurance from the effects of …