Insurance Contracts when Individuals “Greatly Value” Certainty: Results from a Field Experiment in Burkina Faso
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https://www.nber.org/papers/w25026
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资源简介：
In discussing the paradoxical violation of expected utility theory that now bears his name, Maurice Allais noted that individuals tend to greatly value payoffs that are certain. Allais' observation would seem to imply that people will undervalue insurance relative to the predictions of expected
提供机构：
美国国家经济研究局
创建时间：
2018-09-01
