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Article Dans Une Revue Revue Economique Année : 2019

HOLT AND LAURY MEASURES AND INSURANCE DECISIONS: A SAME RISK ATTITUDE? A LAB EXPERIMENT

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Résumé

Risk attitude is a significant element in decision them and in particular, in insurance. Based on a them-driven experiment, this paper examines at a within-subject level whether risk attitudes elicited using the standard Holt and Laufy's (HL) procedure [2002] correlate with those inferred from insurance decisions. Our findings highlight the high consistency of risk attitudes assessed using HL and hedging procedures: for more than two-thirds of the rational subjects, both measures lead to the same risk-attitude assignment. Moreover, risk aversion intensity measured with HL provides a fair estimate of the extent of demand for coverage.
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Dates et versions

hal-03689010 , version 1 (06-06-2022)

Identifiants

  • HAL Id : hal-03689010 , version 1

Citer

Anne Corcos, Francois Pannequin, Claude Montmarquette. HOLT AND LAURY MEASURES AND INSURANCE DECISIONS: A SAME RISK ATTITUDE? A LAB EXPERIMENT. Revue Economique, 2019, 70 (6), pp.1095-1114. ⟨hal-03689010⟩
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