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Titel:

Estimating risk preferences integrating insurance choices with subjective beliefs

Dokumenttyp:
Zeitschriftenaufsatz
Autor(en):
Fezzi, Carlo; Menapace, Luisa; Raffaelli, Roberta
Nicht-TUM Koautoren:
ja
Kooperation:
international
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...     »
Stichworte:
Risk preferences; Subjective beliefs; Crop subsidies; Insurance; Discrete choice models; Non-linear mixed logit
Intellectual Contribution:
Discipline-based Research
Zeitschriftentitel:
European Economic Review
Journal gelistet in FT50 Ranking:
nein
Jahr:
2021
Band / Volume:
135
Jahr / Monat:
2021-06
Seitenangaben Beitrag:
103717
Volltext / DOI:
doi:10.1016/j.euroecorev.2021.103717
Verlag / Institution:
Elsevier BV
E-ISSN:
0014-2921
Publikationsdatum:
01.06.2021
Urteilsbesprechung:
0
Key publication:
Ja
Peer reviewed:
Ja
International:
Ja
commissioned:
commissioned by government agency
Professional Journal:
Ja
Technology:
Ja
Interdisziplinarität:
Nein
Leitbild:
;
Ethics und Sustainability:
Nein
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