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Document type:
Zeitschriftenaufsatz
Author(s):
Fezzi, Carlo; Menapace, Luisa; Raffaelli, Roberta
Non-TUM Co-author(s):
ja
Cooperation:
international
Title:
Estimating risk preferences integrating insurance choices with subjective beliefs
Abstract:
This paper combines real-world decisions with experimental elicitations to estimate risk preferences by incorporating individuals’ subjective beliefs in the analysis of insurance data. Unlike most studies estimating risk preferences “in the field”, we refrain from making specific assumptions regarding expectations; rather, we elicit them directly from the respondents. This approach yields risk aversion estimates compatible with a variety of deviations from rational expectations, such as biased...     »
Keywords:
Risk preferences; Subjective beliefs; Crop subsidies; Insurance; Discrete choice models; Non-linear mixed logit
Intellectual Contribution:
Discipline-based Research
Journal title:
European Economic Review
Journal listet in FT50 ranking:
nein
Year:
2021
Journal volume:
135
Year / month:
2021-06
Pages contribution:
103717
Fulltext / DOI:
doi:10.1016/j.euroecorev.2021.103717
Publisher:
Elsevier BV
E-ISSN:
0014-2921
Date of publication:
01.06.2021
Judgement review:
0
Key publication:
Ja
Peer reviewed:
Ja
International:
Ja
Commissioned:
commissioned by government agency
Professional Journal:
Ja
Interdisciplinarity:
Nein
Mission statement:
;
Ethics and Sustainability:
Nein
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