information with actors who exhibit risk aversion. In this paper we develop a game theory model that analyzes the negotiation of …. In most situations, insurance markets are not competitive and risk neutral insurers negotiate under asymmetric … an insurance contract under risk aversion conditions (in static and dynamic approach). Risk aversion influence was …

Demand for insurance can be driven by high risk aversion or high risk. We show how to separately identify risk … preferences and risk types using only choices from menus of insurance plans. Our revealed preference approach does not rely on …

Consumers face many decisions involving risk, yet some researchers claim that consumers cannot make rational decisions … when risk is involved, even when full information is available. A simple normative analysis of decisions about insurance …

This paper values equity-linked life insurance contracts with surrender guarantees for risk averse and loss averse … policyholders in continuous time. With increasing risk aversion, policyholders surrender their insurances for higher values of the … contracts, so that the disposition effect increases the contract value relative to a contract stopped by a risk averse …