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Behavioral weather insurance: Applying cumulative prospect theory to agricultural insurance design under narrow framing

Experience across many countries shows that, without large premium subsidies, crop insurance uptake rates are generally low. In this article, we propose to use the cumulative prospect theory to design weather insurance products for situations in which farmers frame insurance narrowly as a stand-alon...

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Detalles Bibliográficos
Autores principales: Dalhaus, Tobias, Barnett, Barry J., Finger, Robert
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7194365/
https://www.ncbi.nlm.nih.gov/pubmed/32357184
http://dx.doi.org/10.1371/journal.pone.0232267