Can waste aversion affect demand for insurance? Evidence from experiment and survey

DOI10.1016/J.ECONLET.2022.110594zbMATH Open1493.91107OpenAlexW4280550350MaRDI QIDQ2158707FDOQ2158707

Authors: Sai Krishnan S., Subramanian S. Iyer 

Publication date: 26 July 2022

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

Full work available at URL: https://doi.org/10.1016/j.econlet.2022.110594

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zbMATH Keywords

insurance demandbehavioral insurancewaste aversion

Mathematics Subject Classification ID

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

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• Use of insurance against a small loss as an incentive strategy
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• The effect of product misperception on economic outcomes: evidence from the extended warranty market

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