Hypothetical surveys and experimental studies of insurance demand: a review

Hypothetical surveys and experimental studies of insurance demand: a review

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Article ID: iaor2016583
Volume: 83
Issue: 1
Start Page Number: 217
End Page Number: 255
Publication Date: Jan 2016
Journal: Journal of Risk and Insurance
Authors:
Keywords: demand, decision
Abstract:

We offer a structured literature survey of experimental studies involving insurance demand choices and their experimental methodology. With this, we aim to fulfill two goals. First, we want to give an overview of the status of the literature as is. Second, the overview of the methodology provides researchers with an idea of how insurance demand experiments can be designed and what the advantages and disadvantages of the different design aspects are. We thus offer a resource for the design of future experiments.

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