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Uncertainty, Ambiguity and Risk Taking: an experimental investigation of consumer behavior and demand for insurance
Risk behavior ambiguity aversion insurance purchase.
2014/6/23
The purpose of this paper is to examine whether people treat all forms of uncertainty in the same way. Studies investigating known-risk gambles and ambiguous gambles have systematically used the urn c...
Risk Aversion, Risk Behavior and Demand for Insurance: a survey
Risk aversion Insurance demand Education Human development
2014/6/23
Determinants of risk attitudes of individuals are of great interest in the growing area of behavioral economics that focuses on the individual attributes, psychological or otherwise, that shape common...