Near-losses in insurance markets : an experiment

Enthalten in
Economics letters 
Volume
186
Article Number
108781
Citation
Economics Letters 186: 108781 (2020)
Publisher DOI
10.1016/j.econlet.2019.108781
Scopus ID
2-s2.0-85076243405
Publisher
Elsevier
Several studies report changes in risk taking subsequent to experiencing near-loss events. We disentangle strategic and non-strategic reactions to such near-losses experimentally. We observe that near-losses affect the supply and demand for insurance under strategic uncertainty but not individual evaluations.
Schlagworte
Insurance
Markets
Near-losses
Near-miss events
Strategic uncertainty
DDC Class
330: Wirtschaft