and on the literature of imperfectly divisible consumption to argue that the general purpose of insurance is not a risk … transfer, but meeting a conditional need. In this way, insurance aligns the risk in one's ftnancial endowment with the risk in …I revisit the question of which motive underlies insurance demand. I draw on the literature of state-dependent utility …

purchase the insurance, even though they overwhelmingly cite rainfall variability as their most significant source of risk. We … insurance product designed to compensate low-income Indian farmers in the event of insufficient rainfall during the primary … monsoon season. We first document relatively low adoption of this new risk management product: Only 5-10 percent of households …

insurance markets, where risk perceptions are endogenous. …Affective decision-making (ADM) is a refutable and predictive theory of individual choice under risk and uncertainty …

. In most situations, insurance markets are not competitive and risk neutral insurers negotiate under asymmetric … an insurance contract under risk aversion conditions (in static and dynamic approach). Risk aversion influence was …Human behavior, rational or irrational one, influences one of the most complex markets worldwide: the insurance market …

In decision theory projects are usually evaluated in terms of their riskiness, and often decision under risk is … intended as the one-shot-type binary choice of accepting or not accepting the risk. This paper elaborates on the concept of … risk acceptance, and aims at developing a theoretical framework based on networks theory. In doing this, the …

The paper focuses on the traditional and alternative mechanisms for insurance risk transfer that are available to … global as well as to domestic insurance companies. The findings suggest that traditional insurance risk transfer solutions … available to insurance industry nowadays will be predominant in the foreseeable future but the increasing role of alternative …

This paper tests some existing theories developed over the past 25 years on corporate demand for insurance. Using a … standard property insurance and for catastrophe coverage (here, terrorism). We find that larger companies are more likely to … have some catastrophe coverage. Corporate demand for catastrophe insurance is found to be more price inelastic than …

. As an example, we present applications of affective decision-making in insurance markets, where the risk perceptions of …Affective decision-making is a strategic model of choice under risk and uncertainty where we posit two cognitive …

. As an example, we present applications of affective decision-making in insurance markets, where the risk perceptions of …Affective decision-making is a strategic model of choice under risk and uncertainty where we posit two cognitive …