WP 2019

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

*Note that a previous version of this paper was previously listed as WP 2018-05 Nothing Left to Lose: Risk Attitudes Among Vulnerable Households. The paper has changed considerably, so we have added it here as a new Working Paper.

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AUTHORS: Arianna Galliera… more »

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

Posted On September 12, 2019
Categories Working Papers, WP 2019

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AUTHORS: Anabela Botelho, Glenn W. Harrison, Lígia M. Costa Pinto, Don Ross & 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? We consider alternative institutions that vary the use… 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 »