de Meza, David, Fessner, Liza C. and Reyniers, Diane J. (2014) Evidence that waste aversion begets insurance aversion. Economics Letters, 126 . pp. 75-77. ISSN 0165-1765
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Abstract
Paying an insurance premium but not needing to claim is sometimes viewed as pouring money down the drain. Aversion to the perceived waste may lead to the rejection of fair insurance. Although policies paying rebates if no claim is made are not attractive to expected utility maximisers, this paper finds strong evidence they appeal to waste averters..
| Item Type: | Article |
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| Official URL: | http://www.journals.elsevier.com/economics-letters... |
| Additional Information: | © 2014 Elsevier B.V. |
| Library of Congress subject classification: | H Social Sciences > HD Industries. Land use. Labor |
| Journal of Economic Literature Classification System: | D - Microeconomics > D8 - Information, Knowledge, and Uncertainty G - Financial Economics > G2 - Financial Institutions and Services > G22 - Insurance; Insurance Companies |
| Sets: | Departments > Management |
| Date Deposited: | 08 Feb 2016 11:11 |
| URL: | http://eprints.lse.ac.uk/65272/ |
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