This paper reviews the puzzles of insurance demand, and provides an overview of
behavioural-based explanations on the concept of underinsurance. In particular, the study …

In the past few decades, economic analysis of law has been challenged by a growing body
of experimental and empirical studies that attest to prevalent and systematic deviations from …

We present results from a large-scale international survey on risk preferences conducted in
53 countries. In all countries, we find, on average, an attitude of risk aversion in gains and of …

Prospect Theory: For Risk and Ambiguity, provides a comprehensive and accessible
textbook treatment of the way decisions are made both when we have the statistical …

Purpose The primary goal of this review is to identify emerging themes in the cold supply
chain (CSC) and their future research directions, methodologies, and theories …

This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at
measuring risk attitudes. Subjects decide how many boxes to collect out of 100, one of which …

Theory predicts that entrepreneurs have distinct attitudes toward risk and uncertainty, but
empirical evidence is mixed. To better understand the unique behavioral characteristics of …

Agrowing body of qualitative evidence shows that loss aversion, a phenomenon formalized
in prospect theory, can explain a variety of field and experimental data. Quantifications of …

Loss aversion can occur in riskless and risky choices. We present novel evidence on both in
a non-student sample (660 randomly selected customers of a car manufacturer). We …

The paper performs an in-depth comparison of four incentivised risk elicitation tasks. We
show by means of a simulation exercise that part of the often observed heterogeneity of …