Search

Feeling is believing? evidence from earthquake shaking experience and insurance demand

Recurso electrónico / Electronic resource
MARC record
Tag12Value
LDR  00000cab a2200000 4500
001  MAP20200015833
003  MAP
005  20200508140857.0
008  200508e20200601usa|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎328.1
100  ‎$0‎MAPA20200010906‎$a‎Lin, Xiao
24510‎$a‎Feeling is believing? evidence from earthquake shaking experience and insurance demand‎$c‎Xiao Lin
520  ‎$a‎This article investigates how a particular type of personal experience no-loss experience with minor earthquakesaffects financial decisions such as insurance purchases. We find a small temporary increase in insurance demand in areas that experience a shaking with moderate intensity, or multiple shakings with light intensity. An analysis of Google Trends data confirms an immediate increase in interest in insurance though not in seismic retrofit. These findings extend the applicability of the availability bias and hot-hand fallacy to a broader context: financial decisions may be motivated by not only loss experience, but also recent no-loss experience, as people may extrapolate their feeling to something worse. However, such experience does not motivate long-term behavioral change.
650 4‎$0‎MAPA20080584580‎$a‎Demanda de seguros
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 4‎$0‎MAPA20080593438‎$a‎Seguro de terremoto
650 4‎$0‎MAPA20080556792‎$a‎Terremotos
650 4‎$0‎MAPA20080570514‎$a‎Riesgo sísmico
650 4‎$0‎MAPA20120019492‎$a‎Tendencias
7730 ‎$w‎MAP20077000727‎$t‎The Journal of risk and insurance‎$d‎Nueva York : The American Risk and Insurance Association, 1964-‎$x‎0022-4367‎$g‎01/06/2020 Volumen 87 Número 2 - junio 2020 , p. 351-380