Barseghyan, Levon; Molinari, Francesca; O'Donoghue, Ted; … - 2011
We use data on households' deductible choices in auto and home insurance to estimate a structural model of risky choice … that incorporates "standard" risk aversion (concave utility over final wealth), loss aversion, and nonlinear probability …. Our main findings are robust to a variety of modeling assumptions. -- deductible ; loss aversion ; probability weighting …