Show/Hide Menu
Hide/Show Apps
Logout
Türkçe
Türkçe
Search
Search
Login
Login
OpenMETU
OpenMETU
About
About
Open Science Policy
Open Science Policy
Open Access Guideline
Open Access Guideline
Postgraduate Thesis Guideline
Postgraduate Thesis Guideline
Communities & Collections
Communities & Collections
Help
Help
Frequently Asked Questions
Frequently Asked Questions
Guides
Guides
Thesis submission
Thesis submission
MS without thesis term project submission
MS without thesis term project submission
Publication submission with DOI
Publication submission with DOI
Publication submission
Publication submission
Supporting Information
Supporting Information
General Information
General Information
Copyright, Embargo and License
Copyright, Embargo and License
Contact us
Contact us
Impact of personality traits and risk attitude on individual response: an experimental evidence
Download
index.pdf
Date
2012
Author
Dinç, Özge
Metadata
Show full item record
Item Usage Stats
231
views
111
downloads
Cite This
The present study aims to contribute to insurance sector by investigating the risk reduction mechanisms: self-insurance, self-protection, and market insurance. First, individual valuations/demands for these mechanisms in fire and earthquake events are analyzed through conducting an experiment to 78 students from Middle East Technical University In addition, the effects of risk attitude, personality traits, and demographic variables (that are measured through using a questionnaire) on valuations to these precautionary actions’ are examined. The findings show that, consistent with the theory, self-insurance and market insurance are substitutes to each other; contrary to the theory, self-protection and market insurance are not complements, they are also substitutes to each other. Further, individuals prefer self-protection and self-insurance to market insurance for both fire and earthquake events. Lastly, individual investment attitude is found to affect the valuations of these three risk reduction mechanisms positively concluding that people perceive these mechanisms as an investment tool.
Subject Keywords
Self-insurance.
,
Business insurance.
,
Risk assessment.
,
Risk perception.
,
Self-protective behavior.
,
Marketing research.
URI
http://etd.lib.metu.edu.tr/upload/12614538/index.pdf
https://hdl.handle.net/11511/21705
Collections
Graduate School of Social Sciences, Thesis
Suggestions
OpenMETU
Core
Impact of capacity level on reinsurance and cat bond markets
Kerman, T. Toygar; Kestel, Sevtap Ayşe; Yazıcı, Selamet; Department of Actuarial Sciences (2012)
Reinsurance is one of the most important tools to be used by insurance companies, for managing risks. This is an effective way; however, there are situations where reinsurance is insufficient, such as the occurrence of a natural hazard. When a natural hazard occurs, many insured experience loss at the same time, which drains the reinsurance market capacity. If future market capacity could be forecasted, then it would be easier for companies to decide when to include cat bonds or any other additional securit...
Effects of random yield in remanufacturing with price-sensitive supply and demand
Bakal, İsmail Serdar; Akcali, Elif (2006-09-01)
In this study, we investigate the effects of recovery yield rate on pricing decisions in reverse supply chains. Motivated by the automotive parts remanufacturing industry, we consider an end-of-life product from which a particular part can be recovered and remanufactured for reuse, and the remainder of the product can be recycled for material recovery. Both the supply of end-of-life products and demand for remanufactured parts are price-sensitive. Yield of the recovery process is random and depends on the a...
The effect of medical care on health capital
Koç, Şevket Alper; Koç, Çağatay (Orta Doğu Teknik Üniversitesi (Ankara, Turkey), 2018-8)
This paper analyzes the effect of medical care on the stock of health capital by estimating the health investment production function. An ordered probit model for the stock of health with instrumental variables is estimated using the Two-Stage Residual Inclusion method. We argue that risk tolerance and the opportunity cost of time are suitable instruments for the change in medical care consumption. In contrast to majority of the empirical work, which does not uncover that medical care has a positive ef...
Preferences for Earthquake Risk-Mitigation Mechanisms: Experimental Evidence
CAVLAK, ÖZGE DİNÇ; Özdemir, Özlem; Başbuğ Erkan, Berna Burçak (American Society of Civil Engineers (ASCE), 2018-08-01)
This study investigates two risk-reduction mechanisms: self-insurance and market insurance. Specifically, it examines individuals' preferences and valuations for these mechanisms to mitigate the earthquake risk in Turkey. An experiment designed to test the expected utility theory and previous theoretical frameworks was conducted with 78 subjects. The results indicate that self-insurance (retrofitting the house) and market insurance (earthquake insurance) are found to be substitutes. Furthermore, self-insura...
Do Global Risk Perceptions Play a Role in Emerging Market Equity Return Volatilities?
Hacihasanoglu, Erk; Simga-Mugan, F. N. Can; Soytaş, Uğur (2012-07-01)
This paper investigates whether global risk perceptions lead emerging market return volatilities. In so doing, we analyzed the period of interest in three parts to determine the effects of the changes in global risk perceptions on the volatility of emerging markets. We uncovered volatility spillover from risk perceptions to the MXEF returns before the crisis. Our results show that all the effects on emerging market volatilities are severed in 2008, during which MXEF follows a downward trend. However, we obs...
Citation Formats
IEEE
ACM
APA
CHICAGO
MLA
BibTeX
Ö. Dinç, “Impact of personality traits and risk attitude on individual response: an experimental evidence,” M.B.A. - Master of Business Administration, Middle East Technical University, 2012.
