The expected utility hypothesis has been widely used in the construction of economic
models and numerous difficulties are encountered in attempting to take into account …

This paper presents a framework‐based systematic review of existing research to
understand the purchase behaviour of consumers for life insurance products. The TCM …

This article uses life insurance data to estimate the Pratt-Arrow coefficient of relative risk
aversion for each of nearly 2,400 households. Attitudinal differences toward pure risk are …

This paper investigates the impact of demographic shocks on optimal decisions about
saving, life insurance, and, most centrally, asset allocation. The analysis indicates that …

Determinants of risk attitudes of individuals are of great interest in the growing area of
behavioral economics that focuses on the individual attributes, psychological or otherwise …

For almost 50 years researchers have sought to explain consumer behavior concerning the
purchase of life insurance. This study examines the literature relating to specific …

The purpose of this article is to structure the extant knowledge on the determinants of
microinsurance demand in a manner that achieves several outcomes. First is to offer a …

Agricultural pollution frequently is addressed through economic incentives for adopting
alternative management practices. Designing efficient incentives requires understanding …

We investigate the relationship between self-reported willingness to take financial risks and
ownership of life insurance and long-term care insurance. For a representative sample of …

Many older people express regret about undersaving; here, we extend prior work by
reporting regret about five other critical financial topics. Using the Health and Retirement …