Black swan protection: an experimental investigation
Andrea Morone and
Ozlem Ozdemir
MPRA Paper from University Library of Munich, Germany
Abstract:
This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results indicate that subjects consider the probability of loss (loss size) when they make buying decisions (paying decisions). Most individuals are risk averse with no specific threshold probability.
Keywords: Black swan; Risk, Insurance; Low probability; High loss; Experiment (search for similar items in EconPapers)
JEL-codes: C91 D81 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp, nep-ias and nep-upt
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https://mpra.ub.uni-muenchen.de/38842/2/MPRA_paper_38842.pdf original version (application/pdf)
Related works:
Working Paper: Black Swan Protection: an Experimental Investigation (2012) 
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:38842
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