Die Internetnutzung in Deutschland hat in den letzten acht Jahren einen rasanten Anstieg erlebt. Während es im Frühjahr 1995 in Deutschland gerade einmal 250 000 Internetnutzer gab, waren es im Mai 2003 bereits knapp 39 Millionen. Dies bedeutet, dass aktuell etwa 47 % der gesamten Bevölkerung...

Many important decisions are made without precise information about the probabilities of the outcomes. In such situations, individual ambiguity attitudes influence decision making. The present study identifies affective states as a transient cause of ambiguity attitudes. We conducted two...

This paper empirically studies the impact of consumer reaction to default risk on an insurer's optimal solvency level. Using experimentally obtained data, we derive a price-default risk-demand-curve that serves as an input variable for the insurer's risk strategy. We show that an insurer should...