Hong, Liang; Schlesinger, Harris; Zhuang, Boyi - In: Risks : open access journal 11 (2023) 4, pp. 1-17
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 …
