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  1. Time-varying risk attitude and behavioral asset pricing
    Autor*in: Hayaki, Shoka
    Erschienen: December 15, 2020
    Verlag:  Research Institute for Economics and Business Administration, Kobe University, Kobe, Japan

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1634 (2020,33)
    uneingeschränkte Fernleihe, Kopie und Ausleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    Schriftenreihe: Discussion paper series / Research Institute for Economics and Business Administration, Kobe University ; DP 2020, 33
    Schlagworte: risk attitude; heterogeneous preferences; status quo; loss-aversion; prospect theory
    Umfang: 18 Seiten, 5 ungezählte Seiten, Illustrationen
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  2. Demand for multi-year catastrophe insurance contracts
    experimental evidence for mitigating the insurance gap
    Erschienen: November 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts to... mehr

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    People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several contributions to our understanding of insurance decisions. First, we provide additional evidence showing that many people prefer long-term insurance. Offering this type of insurance may thus increase insurance penetration. Second, we find that underinsurance can result from the reluctance to update the sum insured if there are costs involved with this updating. Long-term insurance contracts that automatically consider price changes over time can thus also deliver a reduction in the insurance gap. Third, we find that once people have made a decision, they tend to repeat it, demonstrating a strong preference for the status quo. Our research suggests that using this status quo bias may allow insurance companies to further increase insurance demand. As previously demonstrated, our results confirm that subsidies are ineffective in increasing insurance penetration.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/248987
    Schriftenreihe: CESifo working paper ; no. 9442 (2021)
    Schlagworte: individual decision-making; choice under risk; disaster insurance; underinsurance; status quo; subsidies
    Umfang: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  3. The status quo and belief polarization of inattentive agents
    theory and experiment
    Erschienen: [2021]
    Verlag:  IGIER, Università Bocconi, Milano, Italy

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    Quelle: Verbundkataloge
    Sprache: Englisch
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    Auflage/Ausgabe: This version: February, 2021
    Schriftenreihe: Working paper series / IGIER ; n. 674
    Schlagworte: polarization; beliefs updating; rational inattention; status quo; experiment
    Umfang: 1 Online-Ressource (circa 73 Seiten), Illustrationen
  4. Motivated reasoning, information avoidance, and default bias
    Erschienen: [2022]
    Verlag:  Research platform Empirical and Experimental Economics, University of Innsbruck, Innsbruck, Austria

    We investigate whether the presence of a default interacts with the willingness of decision-makers to gather, process and consider information. In an online experiment, where about 2,300 participants choose between two compiled charity donation... mehr

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    We investigate whether the presence of a default interacts with the willingness of decision-makers to gather, process and consider information. In an online experiment, where about 2,300 participants choose between two compiled charity donation options worth $100, we vary the availability of information and the presence of a default. Information avoidance, when possible, increases default effects considerably, manifesting a hitherto undocumented channel of the default bias. Moreover, we show that defaults trigger motivated reasoning: In the presence of a default - even if self-selected-, participants consider new information to a lower degree than without a preselected option.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/273678
    Schriftenreihe: Working papers in economics and statistics ; 2022, 5
    Schlagworte: Motivated reasoning; information avoidance; defaults; status quo; charitable giving; experiment
    Umfang: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  5. The status quo and belief polarization of inattentive agents
    theory and experiment
    Erschienen: June 2023
    Verlag:  National Bank of Slovakia, Bratislava

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: NSB Working paper / National Bank of Slovakia ; 2023,5
    Schlagworte: polarization; beliefs updating; rational inattention; status quo; experiment
    Umfang: 1 Online-Ressource (circa 73 Seiten), Illustrationen