Near-losses in insurance markets: an experiment

DOI10.1016/j.econlet.2019.108781zbMath1429.91280OpenAlexW2988991949MaRDI QIDQ2292770

Matthias Seifert, Franziska Then, Timo Heinrich

Publication date: 5 February 2020

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: http://dro.dur.ac.uk/28976/2/28976.pdf

zbMATH Keywords

marketsinsurancestrategic uncertaintynear-lossesnear-miss events

Mathematics Subject Classification ID

Actuarial mathematics (91G05) Experimental work for problems pertaining to game theory, economics, and finance (91-05)

Uses Software

• Z-Tree
• ORSEE

Cites Work

• Call market book information and efficiency
• Willingness-to-pay and willingness-to-accept for risky and ambiguous lotteries
• How Near-Misses Influence Decision Making Under Risk: A Missed Opportunity for Learning
• Level-k Auctions: Can a Nonequilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?

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