Heinrich, T. and Seifert, M. and Then, F. (2020) 'Near-losses in insurance markets : an experiment.', Economics letters., 186 . p. 108781.
Several studies report changes in risk attitudes following losses that have been nearly averted. We disentangle strategic and non-strategic reactions to such near-loss events experimentally. We ob-serve that near-losses affect the demand for insurance under strategic uncertainty: the bids and asks for insurances increase in a call market after subjects experience near-losses, while individu-al evaluations of insurances are unaffected.
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|Publisher Web site:||https://doi.org/10.1016/j.econlet.2019.108781|
|Publisher statement:||© 2019 This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/|
|Record Created:||03 Sep 2019 09:43|
|Last Modified:||18 Dec 2019 09:51|
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