Kairies-Schwarz, Nadja; Kokot, Johanna; Vomhof, Markus; … - 2014
’ tastes in typical contract attributes of health insurances and to investigate their relationship with individual risk … elicit individual risk preferences according to Cumulative Prospect Theory. Applying a latent class model to the choice data … helps consumers to choose contracts, which are in line with their individual risk preferences. Our results reveal valuable …