of an insurance that would safeguard their interests if a climate change catastrophe occurred. Moreover, if such an … insurance is available to them, do they insure themselves sufficiently? Further, the study investigates if increased information … regarding the probability of the catastrophic event, leads to an increase in insurance subscriptions. Finally, policy …

People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many … homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts … to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …

In this study we experimentally investigate whether solidarity, which is a crucial base for informal insurance … less severe than suggested by the studies from Western countries and the evidence on formal insurance from developing …

The literature has mixed results on how formal insurance affects informal risk sharing. Whether such effect is … motivated extrinsically or intrinsically also remains unclear. We design a lab experiment in which formal insurance is … introduced and removed unexpected and the insurance purchase decisions are either voluntary or forced. We find, quite …

This paper investigates whether and how the crowding-out effect of formal insurance on informal risk sharing is … mitigated by social preference change. We design a lab experiment in which formal insurance is introduced and removed … significantly improved after the removal of formal insurance, and the pattern mainly occurs when one subject obtains insurance but …

We report experimental evidence regarding the effects of overconfidence and optimism on insurance decisions. The novel … management and insurance task. Our design distinguishes between an individual's optimism bias and overconfidence bias, a … contribution that is particularly important for analysis of insurance decisions related to risks outside of the purchaser's control …

People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many … homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts … to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …