risk management instruments and strategies, traditional/conventional insurance of crops, livestock and tangible assets is … production, price and market risk, and later also the financial risk, today agricultural producers are increasingly more often … confronted with institutional risk and personnel management risk and risk related to climate change. On the other hand, farmers …

contracts causes individuals to be uncertain about insurance payouts. As a result, a trade-off between second-order (risk … aversion) and third-order (prudence) risk preferences drives insurance demand. Very prudent individuals desire more insurance …We study insurance markets with individuals that have limited financial literacy. In our model, complexity of insurance …

-impact risks or for insurance contracts exposed to nonperformance risk …Probability weighting is often used to explain insurance choices that conflict with expected utility (EU) preferences …. We derive new theoretical results on the effects of probability weighting in the context of common insurance demand …

when risk is involved, even when full information is available. A simple normative analysis of decisions about insurance …Consumers face many decisions involving risk, yet some researchers claim that consumers cannot make rational decisions … consumers to choose insurance policies with higher deductibles. Possible computer expert systems to help consumers make …

individuals. Then, a trade-off between second-order (risk aversion) and third-order (prudence) risk preferences drives insurance …This paper studies insurance demand for individuals with limited financial literacy. We propose uncertainty about … insurance payouts, resulting from contract complexity, as a novel channel that affects decision-making of financially illiterate …

crisis, the role of the insurance companies is undeniable. This because enable households and businesses to manage their … risks effectively, ensuring the recovery and even reunification their patrimony. The competitiveness of the insurance sector … needs and the profitability of the insurance companies. This is because the consumer has changed in recent years, he became …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …