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BEHAVIORAL ASPECTS IN INSURANCE MARKET

The insurance industry has an essential economic importance.In spite of the great progress,we have to emphase that the existing theoretic models cannot entirely explain the mechanism of the insurance market and of its decisional process,especially in the case of the events with low probabilities.Th...

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Autor principal: Stroe Andreea
Formato: Artigo
Idioma:Alemão
Publicado em: University of Oradea 2013-07-01
coleção:Annals of the University of Oradea: Economic Science
Assuntos:
Insurance market, Prospect Theory, Cumulative Prospect theory, consumer decision,estimated probabilities,expected utility
Acesso em linha:http://anale.steconomiceuoradea.ro/volume/2013/n1/058.pdf
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