Near-losses in insurance markets: An experiment

Timo Heinrich, Matthias Seifert and Franziska Then

Economics Letters, 2020, vol. 186, issue C

Abstract: Several studies report changes in risk taking subsequent to experiencing near-loss events. We disentangle strategic and non-strategic reactions to such near-losses experimentally. We observe that near-losses affect the supply and demand for insurance under strategic uncertainty but not individual evaluations.

Keywords: Insurance; Markets; Near-losses; Near-miss events; Strategic uncertainty (search for similar items in EconPapers)
JEL-codes: C91 D81 G22 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:186:y:2020:i:c:s0165176519303921

DOI: 10.1016/j.econlet.2019.108781

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