Life insurance and life settlement markets with overconfident policyholders

DOI10.1016/J.JET.2020.105093MaRDI QIDQ2211484zbMATH OpenOpenAlexFDO

Authors Hanming Fang, Z. N. Wu

Publication date 11 November 2020

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://www.nber.org/papers/w23286.pdf

zbMATH Keywords

life insurancesecondary marketoverconfidenceintertemporal elasticity of substitution

Mathematics Subject Classification ID

Actuarial mathematics (91G05)

Recommendations

• Life insurance settlement and the monopolistic insurance market
• Asymmetric information in secondary insurance markets: evidence from the life settlements market
• Overconfidence in the markets for lemons
• Optimal life-insurance selection and purchase within a market of several life-insurance providers
• The Pareto-optimal design of term life insurance contracts

Cites work

• A theory of intermediated investment with hyperbolic discounting investors
• Actuarial Modelling of Claim Counts
• Boys will be boys: Gender, overconfidence, and common stock investment
• Commitment, flexibility, and optimal screening of time inconsistency
• Consumption Over the Life Cycle
• Contract Design and Self-Control: Theory and Evidence
• Contracting with Diversely Naive Agents
• Estimating the elasticity of intertemporal substitution using mortgage notches
• Naïveté-based discrimination
• Overconfidence and moral hazard
• Regression analysis of count data
• The Role of Commitment in Dynamic Contracts: Evidence from Life Insurance

Cited in

(2)

• Asymmetric information in secondary insurance markets: evidence from the life settlements market
• Life insurance settlement and the monopolistic insurance market

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