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...

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...

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...

The study investigates protective responses in low probability and high loss risk situations. Particularly, it (1) detects individual protection valuations to variations in probability versus to variations in loss for payment decisions and choice decisions, (2) elicits the threshold probability...

Different from previous studies that use a best estimate, interval, or sets of probabilities, we represent the degree of ambiguity through levels of information provided to subjects. The willingness to pay is higher when more amount of information is provided.

The purpose of this study is to investigate the impacts of a natural disaster on a developing country’s economy. In that sense, we look at the impact of August 1999 earthquake in Turkey on two important macroeconomic indicators of the Turkish economy (Real Output and Employment) with recovery...

This paper explores the relationship between consumer credit clients’ payment performance i.e. credit default risk and some demographic and financial variables. Data to examine this relationship is obtained from the customer records of a private bank in Turkey. A logistic binary regression is...

Bir ülke için çok önemli bir doğal kaynak olan orman arazilerinin nasıl ve ne amaçla kullanıldığını belirleyen temel içgörülerden biri sosyoekonomik çevredir. Dolayısıyla ormansızlaşmayı düzeltmeyi amaçlayan politikalarda teknik ekonomik ve tarımsal değerlerin yanında...

12 Haziran 2011 seçimlerinden sonra Türkiye’de seçmenlerin iktidar partisi AKP ve ana muhalefet partisi CHP etrafında giderek keskinleşen karşılıklı tercihlerle toplanma eğilimleri net olarak görülmektedir. Araştırmanın amacı, seçmenlerin AKP’den uzaklaşıp CHP’ye...