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especially true where they are given an option to have or not to have the warranty in their contract and their premium will be …
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We study an optimal portfolio and consumption choice problem of family that combines life insurance of parents who receive deterministic labor income until the fixed time T. We consider utility functions of parents and children separately and assume that parents have uncertain lifetime. If...
Persistent link: https://www.econbiz.de/10013152488
. Specifically, this paper empirically tests if prospect theory's loss aversion decreases insurance demand and increases savings … demand. Prospect theory predicts that boundedly rational consumers may view pure protection insurance, such as term …
Persistent link: https://www.econbiz.de/10012962197
gap between theory and practice. In particular, we develop a subjective risk-neutral valuation methodology that takes into …
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frictions that are unrecognised by the theory. It is proposed here that the missing link instead relates to the consumption of …
Persistent link: https://www.econbiz.de/10014350630
The formation of consumer expectations for digital products affects competition between digital platforms that offer competing products. Unfair competition may occur if the competitive outcome is influenced my misled expectations, notably if the company that wins the competition either misled...
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The study assesses the influence of company policy on the buying intentions of life insurance policyholders. The influence of agent behaviour and financial self-sufficiency on buying insurance products is measured as well. An attempt is also made to trace the impact of demographic factors like...
Persistent link: https://www.econbiz.de/10014439464