Transaction Analysis: A Framework and an Application to Insurance Decisions

Baruch Fischhoff
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Baruch Fischhoff: Carnegie Mellon University, Department of Social and Decision Sciences, Department of Engineering and Public Policy

A chapter in Making Decisions About Liability And Insurance, 1993, pp 53-69 from Springer

Abstract: Abstract Creating or interpreting people’s choices requires attention to a great many details. A framework initially presented in this journal (Fischhoff and Furby, 1988) specifies those details. It is applied here to several insurance-related choices appearing in Johnson et al. (1993) and elsewhere. These specific applications suggest alternative explanations for the results of these studies. The approach as a whole provides an alternative perspective regarding reliance on experiments and markets to study people’s preferences.

Keywords: transaction analysis; insurance decisions; preferences (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-94-011-2192-7_4

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DOI: 10.1007/978-94-011-2192-7_4

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