Forthcoming, The Geneva Risk and Insurance Review
AUTHORS: Glenn W. Harrison
ABSTRACT: The ability to run experiments, or to see natural data as a quasi-experiment, does not free one from the need for theory when evaluating insurance behavior. Theory can be used to motivate the experimental design, evaluate latent effects… more »
Forthcoming, Georges Dionne (ed.) Handbook of Insurance (New York: Springer, 2024, Third Edition)
AUTHORS: Glenn W. Harrison
ABSTRACT: Our descriptive understanding of observed insurance behavior has been enhanced by considering alternative modeling approaches, and promises to do the same to our normative evaluation of that behavior. Those alternatives come from… more »
Forthcoming in G.W. Harrison and D. Ross (eds.), Models of Risk Preferences: Descriptive and Normative Challenges, (Bingley, UK: Emerald, Research in Experimental Economics, 2023).
AUTHORS: Glenn W. Harrison and Don Ross
ABSTRACT: Behavioral economics poses a challenge for the welfare evaluation of choices, particularly those that involve risk. It demands… more »
Forthcoming, Journal of Economic Behavior & Organization
AUTHORS: Glenn W. Harrison, Nadja Kairies-Schwarz, and Johann Han
ABSTRACT: We investigate the effects of nonlinear deductible contracts on health utilization behavior by using a laboratory experiment in which we can control the likelihood of hitting the deductible. We also evaluate the effect… more »
Forthcoming, Handbook of Choice Modeling
AUTHORS: Glenn W. Harrison
ABSTRACT: There is evidence that behavior changes when individuals make choices over hypothetical scenarios and stakes rather than real scenarios and stakes. What is the nature of this evidence, and how significant is it for different types of inferences? In particular,… more »
Forthcoming, Journal of Risk and Uncertainty
AUTHORS: Arianna Galliera and E. Elisabet Rutström
ABSTRACT: Not much is known about the heterogeneity of risk attitudes among poor households in rich countries. This paper provides estimates from a unique data set collected among the urban poor in Atlanta,… more »
Forthcoming, Journal of the Economic Science Association
AUTHORS: Glenn W. Harrison, Andre Hofmeyr, Harold Kincaid, Brian Monroe, Don Ross, Mark Schneider and J. Todd Swarthout
ABSTRACT: We convey our experiences developing and implementing an online experiment to elicit subjective beliefs and economic preferences. The COVID-19 pandemic and associated closures of our… more »
Prepared for H. Kincaid and D. Ross (eds.), Modern Guide to the Philosophy of Economics (Cheltenham, UK: Elgar, forthcoming 2021).
AUTHORS: Glenn W. Harrison
ABSTRACT: If we take seriously the intent to improve welfare for individuals with experimental interventions, then we must allow that we are also capable of doing… more »
Forthcoming, Experimental Economics
AUTHORS: Xiaoxue Sherry Gao, Glenn W. Harrison and Rusty Tchernis
ABSTRACT: We propose the use of Bayesian estimation of risk preferences of individuals for applications of behavioral welfare economics to evaluate observed choices that involve risk. Bayesian estimation provides more systematic control of the use of informative… more »
Forthcoming, International Economic Review
AUTHORS: Glenn W. Harrison, Morten I. Lau and Hong Il Yoo
ABSTRACT: Claims that individuals have dynamically inconsistent preferences are usually made by studying individual discount rates over different time delays, but where those discount rates are elicited at a single point in time. However, to… more »
