WP 2019

WP 2019-06 “Grabbing the Opportunity”: Risk Attitudes Among Poor Households in the US

*Note that this is an older version of this paper. There have been considerable changes since this version, and we have posted the new version as WP 2021-03 Crowded Out: Heterogeneity in Risk Attitudes Among Poor Households in the US.

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AUTHORS: Arianna… more »

WP 2019-04 Endogenous Choice of Institutional Punishment Mechanisms to Promote Social Cooperation

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Published in 2022 in Public Choice, Volume 191.

AUTHORS: Anabela Botelho, Glenn W. Harrison, Lígia M. Costa Pinto, Don Ross and Elisabet E. Rutström

ABSTRACT: Does the desirability of social institutions for public goods provision depend on the extent to which they include mechanisms for endogenous enforcement of cooperative behavior?… more »

WP 2019-03 The Behavioral Welfare Economics of Insurance

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Published in 2019 in The Geneva Risk and Insurance Review, Volume 44, Issue 2.

AUTHORS: Glenn W. Harrison

ABSTRACT: Behavioral economics poses a challenge for the welfare evaluation of insurance products and policy. It demands that we recognize that the descriptive account of behavior toward insurance depends on risk and… more »

WP 2019-02 Behavioral Insurance and Economic Theory: A Literature Review

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Published in 2019 in Risk Management & Insurance Review, Volume 22.

AUTHORS: Glenn W. Harrison and Jia Min Ng

ABSTRACT: Decisions to purchase insurance should be a perfect place to see economic theory at work in general, and behavioral economics at work in particular. We have well‐developed theories of the… more »

WP 2019-01 Statistical Power and the Individual Level Estimation of Risk Preferences

Posted On March 26, 2019
Categories Working Papers, WP 2019

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AUTHORS: Brian Albert Monroe

ABSTRACT: Accurately estimating risk preferences is of critical importance when evaluating data from many economic experiments or behavioral interactions. I conduct power analyses over two lottery batteries designed to classify individual subjects as one of a number of alternative specifications of risk preference models. I propose a… more »