Insurance Contracts when Individuals “Greatly Value” Certainty: Results from a Field Experiment in Burkina Faso
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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
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美国国家经济研究局创建时间：
2018-09-01
