Mesure de Holt et Laury et décisions d’assurance: une même attitude face au risque ?. Une expérience de laboratoire

Anne Corcos, François Pannequin and Claude Montmarquette

Revue économique, 2019, vol. 70, issue 6, 1095-1114

Abstract: Risk attitude is a significant element in decision theory and in particular, in insurance. Based on a theory-driven experiment, this paper examines at a within-subject level whether risk attitudes elicited using the standard Holt and Laury’s (HL) procedure [2002] correlate with those inferred from insurance decisions. Our findings highlight the high consistency of risk attitudes assessed using HL and hedging procedures: for more than two-thirds of the rational subjects, both measures lead to the same risk-attitude assignment. Moreover, risk aversion intensity measured with HL provides a fair estimate of the extent of demand for coverage. JEL : C91, D81.

Keywords: risk-attitude classification; insurance demand; self-insurance demand; risk-mitigation; multiple price list methods; experimental study (search for similar items in EconPapers)
JEL-codes: C91 D81 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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