Decision theories and probabilistic insurance : an experimental test

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<title>Decision theories and probabilistic insurance</title>
<subTitle>: an experimental test</subTitle>
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<namePart>Herrero, Carmen</namePart>
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<namePart>Tomás, Josefa</namePart>
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<namePart>Villar, Antonio</namePart>
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<abstract>This paper reports the results of an experiment in which probabilistic insurance is compared both with full insurance and no insurance. The experimental results conform to the intuitive prediction that risk-averse agents who are indifferent between full insurance and no insurance, will prefer full insurance to probabilistic insurance and probabilistic insurance to no insurance</abstract>
<note type="statement of responsibility">Carmen Herrero, Josefa Tomás and Antonio Villar</note>
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<topic>Teoría del riesgo</topic>
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<topic>Modelos probabílisticos</topic>
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<topic>Contrato de seguro</topic>
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<title>Spanish Economic Review = Revista española de economía</title>
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<publisher>Barcelona : Universidad Autónoma de Barcelona, Departamento de Economía e Historia Económica</publisher>
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<text>Vol. 8, issue 1, March 2006; p. 35-52</text>
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