On consumer preferences and the willingness to pay for term life insurance

DOI10.1016/J.EJOR.2016.02.023MaRDI QIDQ323251zbMATHOpenAlexFDO

Authors Alexander Braun, Hato Schmeiser, Florian Schreiber

Publication date 7 October 2016

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2016.02.023

zbMATH Keywords

preferenceschoice-based conjoint analysisterm life insurancewillingness to pay

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

Recommendations

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• Policyholder exercise behavior in life insurance: the state of affairs
• Personal finance and life insurance under separation of risk aversion and elasticity of substitution
• Insurance with heterogeneous preferences

Cites work

• scientific article; zbMATH DE number 2113767 (Why is no real title available?)
• scientific article; zbMATH DE number 3106184 (Why is no real title available?)
• Augmenting conjoint analysis to estimate consumer reservation price
• Discrete Choice Methods with Simulation
• Effects of disease type and latency on the value of mortality risk
• On the value of changes in life expectancy: Blips versus parametric changes
• Willingness to pay for health protection: Inadequate sensitivity to probability?
• Willingness to pay for mortality risk reductions: does latency matter?

Cited in

(7)

• Optimal decision of dynamic wealth allocation with life insurance for mitigating health risk under market incompleteness
• Identification of customer groups in the German term life market: a benefit segmentation
• Using hierarchical Bayes draws for improving shares of choice predictions in conjoint simulations: a study based on conjoint choice data
• Asset-liability management for long-term insurance business
• Transparent structured products for retail investors
• Cyber insurance-linked securities
• Risk- and value-based management for non-life insurers under solvency constraints

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