This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results indicate that subjects consider the probability of loss (loss size) when they make buying decisions (paying decisions). Most individuals are risk averse with no specific threshold probability.

An experimental investigation of insurance decisions in low probability and high loss risk situations / Ozdemir O; Morone A. - In: JOURNAL OF ECONOMIC INTERACTION AND COORDINATION. - ISSN 1860-711X. - 9:1(2014), pp. 53-67.

An experimental investigation of insurance decisions in low probability and high loss risk situations

MORONE, ANDREA
2014

Abstract

This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results indicate that subjects consider the probability of loss (loss size) when they make buying decisions (paying decisions). Most individuals are risk averse with no specific threshold probability.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11586/93203
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