We examine optimal insurance purchase decisions of individuals that exhibit behavior consistent with Regret Theory. Our model incorporates a utility function that assigns a disutility to outcomes that are ex-post suboptimal, and predicts that individuals with regret-theoretical preferences adjust

This paper aims to examine the factors affecting an insurer's purchasing decisions when considering reinsurance and CAT bond options. In particular, we aim to examine this issue through a constrained optimization model, wherein the insurer seeks to minimize the cost of reinsurance subject to a

, consumer purchase decision-making, and marketing practice can be drawn. It is important to go beyond simple demonstrations of the effects of product type and to clarify when a particular cause-related promotion is likely to be observed, reversed, or eliminated with considerations of factors from product

Abstract: This paper tests whether the use of endogenous risk categorization by insurers enables consumers to make better-informed decisions even if they do not choose to purchase insurance. We do so by adding a simple insurance market to an experimental test of optimal (Bayesian) updating. In some

Abstract: In Malaysia, the life insurance industry has grown the strength and plays an important role in the capital market. This study examines the various socioeconomic and demographic factors associated with decisions to life insurance purchasing behaviour and total policies expenditures on life

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Personal interviews were conducted with beef cattle producers in Louisiana to determine their preferences and purchase decisions for livestock price insurance. Conjoint analysis was utilized to determine the importance of selected attributes of insurance policies for these producers

in B2B construction marketplaces

not depend on the reinsurance decision. In the second model insurers can reduce the required minimal level of the risk capital taking into account the purchase of reinsurance. It is shown that the first model does not create a demand for reinsurance in a frictionless market, however, there is demand

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