Insurance and Behavioral Economics: Improving Decisions in the Most Misunderstood Industry

By Howard Kunreuther, Mark Pauly, Stacey McMorrow. 2013

169 citations recorded by the source corpus.

How researchers see this paper

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

Risk Management and Climate Change (2013, unknown): “15 This behavior is in the spirit of a classic paper by Roy 16 on safety-first behavior.”
From Poverty to Disaster and Back: a Review of the Literature (2020, background): “In developing countries, poor people usually have no access to disaster insurance due to affordability issues, large transaction costs for small portfolios, and weak institutions and lack of trust (Kunreuther et al. 2013).”
Examining Flood Insurance Claims in the United States: Six Key Findings (2017, unknown): “Other work focuses on the role of behavioral biases in evaluating risk information as it relates to insurance purchase decisions (e.g., Kunreuther, Pauly, and McMorrow, 2013).”
Addressing Affordability in the National Flood Insurance Program (2014, methodology): “For low- and middle-income residents who cannot afford flood insurance coverage when premiums are risk-based, we propose an explicitly meanstested voucher program, building on a proposal by Kunreuther (2008), and expanded upon by Kunreuther and Michel-Kerjan (2011) and Kunreuther et al. (2013b).”