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

Date

2014-04-01

Author

Özdemir, Özlem

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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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Citation Formats

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.