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Black swan protection: an experimental investigation

Morone, Andrea; Ozdemir, Ozlem - Volkswirtschaftliche Fakultät, … - 2012

This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results …

Persistent link: https://www.econbiz.de/10011110638

Insurance Demand for Disaster-type Risks and the Separation of Attitudes toward Risk and Ambiguity: an Experimental Study

Brunette, Marielle; Cabantous, Laure; Couture, Stéphane; … - Laboratoire d'Économie Forestière, Département … - 2008

compensation schemes and ambiguity on insurance and self-insurance decisions. Consistent with theory, we find that government … assistance significantly reduces willingness to pay (WTP) for insurance and self-insurance (compared with a free insurance market …). As expected, we also find significant differences between WTPs for insurance under different types of government …

Persistent link: https://www.econbiz.de/10005466665

The crowding-out effect of formal insurance on informal risk sharing: An experimental study

Lin, Wanchuan; Liu, Yiming; Meng, Juanjuan - In: Games and Economic Behavior 86 (2014) C, pp. 184-211

This paper investigates the crowding-out effect of formal insurance on informal risk-sharing arrangements via theory … coverage is not significantly reduced by formal insurance. …

Persistent link: https://www.econbiz.de/10010785203

Does uncertainty affect non-response to the European Central Bank’s survey of professional forecasters?

López Pérez, Victor - 2016

This paper explores how changes in macroeconomic uncertainty have affected the decision to reply to the European Central Bank’s Survey of Professional Forecasters (ECB’s SPF). The results suggest that higher (lower) aggregate uncertainty increases (reduces) non-response to the survey. This...

Persistent link: https://www.econbiz.de/10011550240

The role of data revisions and disagreement in professional forecasts

Arnold, Eva - 2013

This paper aims at evaluating individual expectation accuracy of professional forecasters for 57 U.S., European, and German macroeconomic indicators over the period 1999-2010. The empirical analysis shows that initial announcements are partly considerably revised, and that some revisions occur...

Persistent link: https://www.econbiz.de/10010425828

Does uncertainty affect non-response to the European Central Bank's survey of professional forecasters?

López Pérez, Victor - 2016

This paper explores how changes in macroeconomic uncertainty have affected the decision to reply to the European Central Bank's Survey of Professional Forecasters (ECB's SPF). The results suggest that higher (lower) aggregate uncertainty increases (reduces) non-response to the survey. This...

Persistent link: https://www.econbiz.de/10011492744

The Role of Data Revisions and Disagreement in Professional Forecasts

Arnold, Eva - 2016

Persistent link: https://www.econbiz.de/10014155775

A Systematic Comparison of Professional Exchange Rate Forecasts with Judgmental Forecasts of Novices - are There Substantial Differences?

Leitner, Johannes; Schmidt, Robert - 2004

The study at hand deals with the expectations of professional analysts and novices in the context of foreign exchange markets. We analyze the respective forecasting accuracy and our results indicate that there exist substantial differences between professional forecasts and judgmental forecasts...

Persistent link: https://www.econbiz.de/10014072684

When “Less Is More” : How Statistical Discrimination Can Decrease Predictive Accuracy

Csaszar, Felipe A.; Jue-Rajasingh, Diana; Jensen, Michael - 2022

Discrimination is a pervasive aspect of modern society and human relations. Statistical discrimination theory suggests that profit-maximizing employers should use all the information about job candidates, including information about group membership (e.g., race or gender), to make accurate...

Persistent link: https://www.econbiz.de/10014079853

Forecasts as repeated cheap talk from an expert of unknown statistical bias

Valsecchi, Irene - 2023

For two periods an expert E announces his forecast of the state to a decision-maker D who chooses action. They disagree about the precision of the probability assessments. At the end of period 1 the state is observed. In the last period E makes announcements more extreme than his forecasts....

Persistent link: https://www.econbiz.de/10014390247