* 2 Results enter search term Search Reset filter Suchfilter Content Type Publications (2) Publicationtype Working Paper (2) Units International Macroeconomics (2) Macroeconomic Policy under Market Imperfections (2) Experts Ulrich Schmidt (2) Date Last Month Last Year Select Period start date to end date Sort by Relevance Date Aktive Filter Tags: flood insurance Remove all filters Working Paper Insurance Demand under Prospect Theory: A Graphical Analysis 01.03.2012 This paper analyzes insurance demand under prospect theory in a simple model with two states of the world and fair insurance contracts. We argue that two different reference points are reasonable in this framework, state-dependent initial wealth or... Working Paper Insurance Demand and Prospect Theory 01.01.2012 Empirical evidence has shown that people are unwilling to insure rare losses at subsidized premiums and at the same time take-up insurance for moderate risks at highly loaded premiums. This paper explores whether prospect theory, in particular...
Working Paper Insurance Demand under Prospect Theory: A Graphical Analysis 01.03.2012 This paper analyzes insurance demand under prospect theory in a simple model with two states of the world and fair insurance contracts. We argue that two different reference points are reasonable in this framework, state-dependent initial wealth or...
Working Paper Insurance Demand and Prospect Theory 01.01.2012 Empirical evidence has shown that people are unwilling to insure rare losses at subsidized premiums and at the same time take-up insurance for moderate risks at highly loaded premiums. This paper explores whether prospect theory, in particular...