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 »
Published in 2017 in Health Economics, Volume 26, Issue S3.
AUTHORS: Glenn W. Harrison
ABSTRACT: Behavioral responses to surveys can significantly affect inferences about population prevalence unless correctly modeled statistically. An important case study is the prevalence of nicotine dependence, a formal psychiatric disorder satisfying clinical criteria. Data from the National… more »
ABSTRACT: Non-performance lies at the heart of much of the regulation that insurance companies face. Consumers’ concerns about non-performance of the insurance provider have also been cited as a possible explanation for low demand of microinsurance. We provide a… more »
*Note that this paper was previously listed as WP 2016-02 Gambling Problems in the General Danish Population: Survey Evidence, and then was inadvertently reposted as 2017-02. Both links should direct you to this page, and should there be any newer versions, we will update this page.
Published in 2017 in Journal of Economic Methodology, Volume 24, Number 2.
AUTHORS: Glenn W. Harrison and Don Ross
ABSTRACT: Much behavioral welfare economics assumes that expected utility theory (EUT) does not accurately describe most human choice under risk. A substantial literature instead evaluates welfare consequences by taking cumulative prospect theory… more »
ABSTRACT: We study whether personal experiences are so powerful that they make individuals actively shy away from risk. Our research design relies on portfolio decisions relating to inheritances, which alter the… more »
Published in 2017 in Management Science, Volume 63, Number 1.
AUTHORS: Steffen Andersen and Kasper Meisner Nielsen
ABSTRACT: This study investigates when forced sales of real estate turn into fire sales by using a natural experiment which allows us to separate supply and demand effects: Forced sales result from sudden death… more »
AUTHORS: Glenn W. Harrison, Morten I. Lau, Don Ross
ABSTRACT: We examine the manner in which the population prevalence of disordered gambling has usually been estimated, on the basis of surveys that suffer from a potential sample selection bias. General population surveys screen… more »