Black swan protection: an experimental investigation

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.

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Year of publication:	2012
Authors:	Morone, Andrea ; Ozdemir, Ozlem

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Morone, Andrea and Ozdemir, Ozlem (2012): Black swan protection: an experimental investigation.
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; C91 - Laboratory, Individual Behavior
Source:	BASE

Persistent link: https://www.econbiz.de/10015232084