全球智库信息集成服务系统(G2TT): Do People Have a Bias for Low-Deductible Insurance?

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w26994
来源ID	Working Paper 26994
	Do People Have a Bias for Low-Deductible Insurance?
	Howard Kunreuther; Mark Pauly
发表日期	2020-04-20
出版年	2020
语种	英语
摘要	Do consumers show a strong bias toward low deductible insurance plans, as many field studies imply? This paper reports on a controlled experiment intended to see whether subjects have a predisposition toward such plans and whether that preference is consistent when their default plan and premiums are changed. Subjects were presented with a scenario where they had to make a decision on whether to purchase a plan with a low deductible (LD) or high deductible (HD) when faced with an illness having a specified probability and cost. Participants had to choose between these plans in two rounds with the identical risk of an illness and specified premiums. If their default option was an LD plan in Round 1, then it was an HD plan in Round 2. The experiment did not show a strong bias toward low deductible health plans. Only slightly more than half of the respondents chose an LD plan even when it was optimal for them to do so. When faced with a default option that was switched in Round 2, 58% of the respondents chose the same plan as they did in Round 1, implying that some but not all subjects resisted the default option in their decision process. Subject choices were correlated with their responses to questions about risk aversion and a desire for peace of mind.
主题	Econometrics ; Experimental Design ; Microeconomics ; Behavioral Economics ; Households and Firms ; Market Structure and Distribution ; Economics of Information ; Financial Economics ; Financial Institutions ; Health, Education, and Welfare ; Health
URL	https://www.nber.org/papers/w26994
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/584667
推荐引用方式 GB/T 7714	Howard Kunreuther,Mark Pauly. Do People Have a Bias for Low-Deductible Insurance?. 2020.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w26994.pdf（143KB）	智库出版物		限制开放	CC BY-NC-SA	浏览