Gründl, Helmut; Zimmer, Anja; Schade, Christian - Universität <Berlin, Humboldt-Universität> / Dr. … - 2008
We experimentally analyze consoumers' reaction to insurance default risk. Consistent with eralier studies, we find that insurance with default risk is extremely unattractive to most individuals. A considerable fraction of consumers completely refuse to accept any default risk; others ask for...