Catastrophic risk: social influences on insurance decisions

We study behavioral patterns of insurance demand for low-probability large-loss events (catastrophic losses). Individual patterns of belief formation and risk attitude that were suggested in the behavioral decisions literature emerge robustly in the current set of insurance choices. However, social...

Full description

Saved in:
Bibliographic Details
Main Authors: Krawczyk, Michał (Author) , Trautmann, Stefan T. (Author) , Kuilen, Gijs van de (Author)
Format: Article (Journal)
Language:English
Published: 2017
In: Theory and decision
Year: 2017, Volume: 82, Issue: 3, Pages: 309-326
ISSN:1573-7187
DOI:10.1007/s11238-016-9571-y
Online Access:Verlag, Volltext: http://dx.doi.org/10.1007/s11238-016-9571-y
Get full text
Author Notes:Michal W. Krawczyk, Stefan T. Trautmann, Gijs van de Kuilen

MARC

LEADER 00000caa a2200000 c 4500
001 1551190184
003 DE-627
005 20250122085747.0
007 cr uuu---uuuuu
008 161221s2017 xx |||||o 00| ||eng c
024 7 |a 10.1007/s11238-016-9571-y  |2 doi 
035 |a (DE-627)1551190184 
035 |a (DE-576)48119018X 
035 |a (DE-599)BSZ48119018X 
035 |a (OCoLC)1340947461 
035 |a (DE-He213)s11238-016-9571-y-e 
040 |a DE-627  |b ger  |c DE-627  |e rda 
041 |a eng 
084 |a 17  |2 sdnb 
100 1 |a Krawczyk, Michał  |d 19XX-  |e VerfasserIn  |0 (DE-588)1122217889  |0 (DE-627)875232809  |0 (DE-576)481189777  |4 aut 
245 1 0 |a Catastrophic risk  |b social influences on insurance decisions  |c Michal W. Krawczyk, Stefan T. Trautmann, Gijs van de Kuilen 
264 1 |c 2017 
300 |a 18 
336 |a Text  |b txt  |2 rdacontent 
337 |a Computermedien  |b c  |2 rdamedia 
338 |a Online-Ressource  |b cr  |2 rdacarrier 
500 |a Gesehen am 21.12.2016 
500 |a Published online: 6 September 2016 
520 |a We study behavioral patterns of insurance demand for low-probability large-loss events (catastrophic losses). Individual patterns of belief formation and risk attitude that were suggested in the behavioral decisions literature emerge robustly in the current set of insurance choices. However, social comparison effects are less robust. We do not find any evidence for peer effects (through social-loss aversion or imitation) on insurance take-up. In contrast, we find support for the prediction that people underweight others’ relevant information in their own decision making. 
650 4 |a Insurance 
650 4 |a Risk attitudes 
650 4 |a Beliefs 
650 4 |a Catastrophic risk 
700 1 |a Trautmann, Stefan T.  |e VerfasserIn  |0 (DE-588)136216633  |0 (DE-627)577224271  |0 (DE-576)300901135  |4 aut 
700 1 |a Kuilen, Gijs van de  |e VerfasserIn  |0 (DE-588)139139796  |0 (DE-627)608296244  |0 (DE-576)310418291  |4 aut 
773 0 8 |i Enthalten in  |t Theory and decision  |d Dordrecht [u.a.] : Springer Science + Business Media B.V., 1970  |g 82(2017), 3, Seite 309-326  |h Online-Ressource  |w (DE-627)271175176  |w (DE-600)1478916-4  |w (DE-576)102669015  |x 1573-7187  |7 nnas  |a Catastrophic risk social influences on insurance decisions 
773 1 8 |g volume:82  |g year:2017  |g number:3  |g pages:309-326  |g extent:18  |a Catastrophic risk social influences on insurance decisions 
776 0 8 |i Erscheint auch als  |n Druck-Ausgabe  |a Krawczyk, Michał, 19XX -   |t Catastrophic risk  |d 2017  |w (DE-627)1005056889 
787 0 8 |i Forschungsdaten  |a Krawczyk, Michał, 19XX -   |t Catastrophic risk  |d Heidelberg : Universität, 2016  |h 1 Online-Ressource (3 Files)  |w (DE-627)1654978043  |w (DE-576)481190864 
856 4 0 |u http://dx.doi.org/10.1007/s11238-016-9571-y  |x Verlag  |x Resolving-System  |3 Volltext 
951 |a AR 
992 |a 20161221 
993 |a Article 
994 |a 2017 
998 |g 136216633  |a Trautmann, Stefan T.  |m 136216633:Trautmann, Stefan T.  |d 180000  |d 181000  |e 180000PT136216633  |e 181000PT136216633  |k 0/180000/  |k 1/180000/181000/  |p 2 
999 |a KXP-PPN1551190184  |e 2949381588 
BIB |a Y 
SER |a journal 
JSO |a {"language":["eng"],"title":[{"title_sort":"Catastrophic risk","title":"Catastrophic risk","subtitle":"social influences on insurance decisions"}],"physDesc":[{"extent":"18 S."}],"name":{"displayForm":["Michal W. Krawczyk, Stefan T. Trautmann, Gijs van de Kuilen"]},"note":["Gesehen am 21.12.2016","Published online: 6 September 2016"],"type":{"media":"Online-Ressource","bibl":"article-journal"},"person":[{"family":"Krawczyk","display":"Krawczyk, Michał","role":"aut","given":"Michał"},{"given":"Stefan T.","role":"aut","display":"Trautmann, Stefan T.","family":"Trautmann"},{"family":"Kuilen","display":"Kuilen, Gijs van de","role":"aut","given":"Gijs van de"}],"relHost":[{"pubHistory":["1.1970/71 -"],"part":{"text":"82(2017), 3, Seite 309-326","extent":"18","issue":"3","year":"2017","pages":"309-326","volume":"82"},"disp":"Catastrophic risk social influences on insurance decisionsTheory and decision","recId":"271175176","type":{"media":"Online-Ressource","bibl":"periodical"},"language":["eng","fre"],"title":[{"subtitle":"an international journal for multidisciplinary advances in decision science","title":"Theory and decision","title_sort":"Theory and decision"}],"physDesc":[{"extent":"Online-Ressource"}],"note":["Gesehen am 24.10.05"],"id":{"eki":["271175176"],"zdb":["1478916-4"],"issn":["1573-7187"]},"origin":[{"publisher":"Springer Science + Business Media B.V. ; Kluwer","dateIssuedKey":"1970","dateIssuedDisp":"1970-","publisherPlace":"Dordrecht [u.a.] ; Dordrecht [u.a.]"}]}],"id":{"eki":["1551190184"],"doi":["10.1007/s11238-016-9571-y"]},"recId":"1551190184","origin":[{"dateIssuedKey":"2017","dateIssuedDisp":"2017"}]} 
SRT |a KRAWCZYKMICATASTROPH2017