Is Imprecise Knowledge Better than Conflicting Expertise? Evidence from Insurers’ Decisions in the United States
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- Laure Cabantous & Denis Hilton & Howard Kunreuther & Erwann Michel-Kerjan, 2011. "Is imprecise knowledge better than conflicting expertise? Evidence from insurers’ decisions in the United States," Journal of Risk and Uncertainty, Springer, vol. 42(3), pages 211-232, June.
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Citations
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Cited by:
- Jim Engle-Warnick & Sonia Laszlo, 2017.
"Learning-by-doing in an ambiguous environment,"
Journal of Risk and Uncertainty,
Springer, vol. 55(1), pages 71-94, August.
- Jim Engle-Warnick & Sonia Laszlo, 2006. "Learning-by-Doing in an Ambiguous Environment," CIRANO Working Papers 2006s-29, CIRANO.
- Jim Engle-Warnick & Sonia Laszlo Author Email: sonia.laszlo@mcgill.ca, 2006. "Learning By Doing In An Ambiguous Environment," Departmental Working Papers 2006-29, McGill University, Department of Economics.
- Jim Engle-Warnick & Sonia Laszlo, 2016. "Learning-by-Doing in an Ambiguous Environment," CIRANO Working Papers 2016s-46, CIRANO.
- Marielle Brunette & Laure Cabantous & Stéphane Couture & Anne Stenger, 2013. "The impact of governmental assistance on insurance demand under ambiguity: a theoretical model and an experimental test," Theory and Decision, Springer, vol. 75(2), pages 153-174, August.
- Théodora Dupont-Courtade, 2012. "Insurance demand under ambiguity and conflict for extreme risks: Evidence from a large representative survey," Documents de travail du Centre d'Economie de la Sorbonne 12020, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Keck, Steffen & Diecidue, Enrico & Budescu, David V., 2014. "Group decisions under ambiguity: Convergence to neutrality," Journal of Economic Behavior & Organization, Elsevier, vol. 103(C), pages 60-71.
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- Thibault Gajdos & Jean-Christophe Vergnaud, 2013.
"Decisions with conflicting and imprecise information,"
Social Choice and Welfare,
Springer;The Society for Social Choice and Welfare, vol. 41(2), pages 427-452, July.
- Gajdos, Thibault & Vergnaud, Jean-Christophe, 2009. "Decisions with conflicting and imprecise information," LSE Research Online Documents on Economics 27005, London School of Economics and Political Science, LSE Library.
- Thibault Gajdos & Jean-Christophe Vergnaud, 2013. "Decisions with conflicting and imprecise information," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00443075, HAL.
- Théodora Dupont-Courtade, 2012. "Insurance demand under ambiguity and conflict for extreme risks : Evidence from a large representative survey," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00718642, HAL.
- Huang, Rachel J. & Huang, Yi-Chieh & Tzeng, Larry Y., 2013. "Insurance bargaining under ambiguity," Insurance: Mathematics and Economics, Elsevier, vol. 53(3), pages 812-820.
- repec:eee:ejores:v:266:y:2018:i:3:p:1175-1188 is not listed on IDEAS
- repec:eee:insuma:v:77:y:2017:i:c:p:14-23 is not listed on IDEAS
- Théodora Dupont-Courtade, 2012. "Insurance demand under ambiguity and conflict for extreme risks : Evidence from a large representative survey," Post-Print halshs-00718642, HAL.
- Michel-Kerjan, Erwann & Raschky, Paul A., 2011. "The effects of government intervention on the market for corporate terrorism insurance," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 122-132.
- Howard Kunreuther & Geoffrey Heal & Myles Allen & Ottmar Edenhofer & Christopher B. Field & Gary Yohe, 2012. "Risk Management and Climate Change," NBER Working Papers 18607, National Bureau of Economic Research, Inc.
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- Huang, Yi-Chieh & Tzeng, Larry Y. & Zhao, Lin, 2015. "Comparative ambiguity aversion and downside ambiguity aversion," Insurance: Mathematics and Economics, Elsevier, vol. 62(C), pages 257-269.
- Aurélien Baillon & Laure Cabantous & Peter Wakker, 2012. "Aggregating imprecise or conflicting beliefs: An experimental investigation using modern ambiguity theories," Journal of Risk and Uncertainty, Springer, vol. 44(2), pages 115-147, April.
More about this item
Keywords
Ambiguity; Source of Uncertainty; Insurance Pricing; Decision-Making;JEL classification:
- C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2010-03-06 (Cognitive & Behavioural Economics)
- NEP-IAS-2010-03-06 (Insurance Economics)
- NEP-KNM-2010-03-06 (Knowledge Management & Knowledge Economy)
- NEP-UPT-2010-03-06 (Utility Models & Prospect Theory)
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