My da|ra Login

Detailed view

metadata language: English

Replication data for: (Over)insuring Modest Risks

Version
V0
Resource Type
Dataset
Creator
  • Sydnor, Justin
Publication Date
2010-10-01
Description
  • Abstract

    Despite the large literature on anomalies in risky choice, very little research has explored the relevance of these insights in real insurance markets. This paper uses new data on consumers' choices of deductibles for home insurance to provide evidence that a surprising level of risk aversion over modest stakes is a reality in the market. Most customers purchase low deductibles despite costs significantly above the expected value. Fitting these choices to a standard model of risk aversion yields implausibly large measures of risk parameters. Potential explanations and the implications of these results for understanding the market for insurance are discussed. (JEL D14, D81, G21, G22)
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/app.2.4.177 (Text)
Publications
  • Sydnor, Justin. “(Over)Insuring Modest Risks.” American Economic Journal: Applied Economics 2, no. 4 (October 2010): 177–99. https://doi.org/10.1257/app.2.4.177.
    • ID: 10.1257/app.2.4.177 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

Sydnor, Justin (2010): Replication data for: (Over)insuring Modest Risks. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116373