Using Cumulative Prospect Theory to Explain Anomalous Crop Insurance Coverage Choice

By Bruce A. Babcock. 2015

125 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Soil Science

View Paper: https://www.semanticscholar.org/paper/831d1b9fc76e94cf008a67486d5073d5f4da1d5d

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Honglin Feng
2. Daniel A. Sumner
3. Jisang Yu
4. Aaron Smith
5. D. Hennessy
6. Xiaodong Du

In Soil Science

1. Daniel A. Sumner
2. Jisang Yu
3. Aaron Smith
4. D. Hennessy

Citations in the corpus

• Rationality of Choices in Subsidized Crop Insurance Markets (2017, background): “Du, Feng, and Hennessy (2014) and Babcock (2015) have noted the potential for prospect theory to explain low coverage levels, and Babcock (2015) has also provided supporting simulations.”
• Effects of Crop Insurance Premium Subsidies on Crop Acreage (2018, background): “Important articles in this respect include Chambers (1989); Horowitz and Lichtenberg (1993); Ramaswami (1993); Babcock and Hennessy (1996); Smith and Goodwin (1996); Coble et al. (1997); Cornaggia (2013); and Weber, Key, and O’Donoghue (2016).”