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An experimental investigation of insurance decisions in low probability and high loss risk situations
Date
2014-04-01
Author
Özdemir, Özlem
Metadata
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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.
Subject Keywords
Economics and Econometrics
,
Business and International Management
URI
https://hdl.handle.net/11511/40670
Journal
JOURNAL OF ECONOMIC INTERACTION AND COORDINATION
DOI
https://doi.org/10.1007/s11403-013-0112-2
Collections
Department of Business Administration, Article
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Ö. Özdemir, “An experimental investigation of insurance decisions in low probability and high loss risk situations,”
JOURNAL OF ECONOMIC INTERACTION AND COORDINATION
, pp. 53–67, 2014, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/40670.